Thesis for the Scientific Degree of Candidate Science (Economics). Specialty 08.00.08 – Money, Finance, and Credit. PHEE “European University”, Kyiv, 2021.
The dissertation is devoted to the complex substantiation of theoretical and methodological bases and practical approaches concerning transformation of fiscal space in system of strengthening of financial safety of Ukraine.
The economic essence is revealed and the architecture of the fiscal space of the state is specified, theoretical bases of strengthening of financial security of the state in the conditions of formation of public trust are investigated and methodological bases of transformation and monitoring of fiscal space of the state in system of strengthening of financial security of the state are analyzed.
It is proved that the financial security of the state can be divided into the security of the fiscal space, which includes budgetary, tax and debt security, and the security of the financial market, which combines monetary, currency, banking and non-banking financial sector. The connection of classification elements of the concept of "financial security", defined through the object of protection, is schematically presented, and it is proved that financial security of the state is a connecting link between other elements, financial security of which is practically impossible to consider separately.
The peculiarities of the transformation of the fiscal space of Ukraine are characterized, the formation of the financial security of Ukraine in the conditions of transformational transformations of the economy is estimated and the influence of the transformation of the fiscal space on strengthening the financial security of Ukraine is investigated.
The strategic directions of transformation of the fiscal space of Ukraine in the system of strengthening the financial security of the state have been modified, the provision of the financial security of the state in expanding the fiscal space in the digitalization era has been improved. It is proposed to expand the scope of application of the regulatory function of taxation in areas that have a significant potential for development, namely the field of information technology. The author's vision of carrying out the general amnesty of the capital taking into account world experience is presented. It is recommended to create a scientific and educational hub for the formation of fiscal space. The mechanism of tax incentives for individual entrepreneurs in the system of strengthening the financial security of Ukraine is proposed. The author 's vision of the combinatorial configuration of the transformation of the budget process in Ukraine with the expansion of public participation in it is presented. The model of formation of fiscal space of Ukraine in the modern world financial system in the era of digitalization is improved.
The influence of factors is modeled and the multiple regression equation of the ratio of actual financing of debt operations to state budget revenues and the ratio of public borrowings in the financial year to capital expenditures of the state budget on the state of financial security of Ukraine is obtained. It is proved that the growth of the level of financial security can be achieved by increasing the share of revenues from income taxes in revenues to the consolidated budget; in other words, the increase in the share of direct taxes in the structure of tax revenues has a positive effect on the level of financial security.
We believe that the proposed measures will contribute to the deep involvement of various stakeholder groups in the transformation process, increase entrepreneurial activity, build public confidence in the state, increase tax revenues, reduce corruption and the shadow economy in the country, develop fiscal space and strengthen financial security.
Keywords: fiscal space, public trust, fiscal policy, tax system, budget system, financial system, financial conditions.
