№ 5/2022

Fìnansi Ukr. 2022 (5): 29–42https://doi.org/10.33763/finukr2022.05.029

BUDGET POLICY

ZHYBER Tetiana ¹

¹Kyiv National Economic University named after Vadym Hetman
OrcID ID : https://orcid.org/0000-0002-4557-023X

The use of climate marking as a green budgeting tool in Ukraine: recommendations and prospects

Introduction. Achieving climate neutrality by countries in the face of increasing uncertainty in policymaking due to the accumulation of adverse factors such as war, pandemic and natural disasters requires the development of green budgeting techniques as budgeting by priorities integration in public ?nancial management. A detailed study of ?nancial opportunities in ?nancial relations expands the range of public ?nance operations with “green” characteristics.
Problem Statement. The development of green budgeting from a partly impact to a systemic impact on the result embedded in public policy has been studied. A promising tool for green budgeting in Ukraine is climate marking of budget indicators both at the level of main manager of budget funds and at the level of budget programs.
Purpose.To reveal the essential characteristics of the climate marking tool and systematize the developments on its use in green budgeting as a necessary condition for modern e?ective budgeting in public ?nance.
Methods. The study used methods of theoretical generalization based on the analysis of budgeting practices components based on the OECD, the UN, the World Bank materials, foreign authorities documents and regulatory documents of Ukraine.
Results. The use of the green budget tagging tool in modern green budgeting for the budgetary funds use and the green policy goals achievement is considered. The necessity of a systematic approach is substantiated and a strategic framework for the use of green budget tagging in budgeting is proposed. A methodic for separating climatic impacts during green budget tagging into negative, ambiguous and positive is proposed. The objects for monitoring and assessment after green budget tagging use in the country’s budget is grouped.
Conclusions. The use of green budget tagging at all levels of the main manager of budget funds network will allow monitoring of climate impact in the results of budgeting for its further assessment.

Keywords:public finance management, budgeting by priorities, green budgeting, green budget tagging, budget program

JEL: H11, H59, H61, Q28

Zhyber T. . The use of climate marking as a green budgeting tool in Ukraine: recommendations and prospects / T. Zhyber // Фінанси України. - 2022. - № 5. - C. 29-42.

Article original in Ukrainian (pp. 29 - 42)

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