THE STATE BUDGET POLICY OF UKRAINE IN 2013–2018

Abstract

Ukraine’s budgetary policy should promote economic development, improve the country’s defence capability, and get better its financial position. The article discusses the practice of implementing the budget policy of Ukraine in 2013–2018. The current practice of implementing domestic budget policy has shown an increase in the deficit of the state budget of Ukraine in absolute terms and a reduction in its share to the level of GDP, an increase in the share of expenditures on security and defence of the country. As an assessment of the effective indicators of budgetary policy, we have chosen the level of real economic growth and the volume of the budget debt burden to GDP. The study of the proposed effective indicators of budgetary policy showed the growth of the economy, which has been observed since 2016 and, since 2013, the growth of the debt pressure on the State Budget of Ukraine.