FISCAL POLICY OF UKRAINE IN THE CONTEXT OF EUROPEAN INTEGRATION: ORGANIZATIONAL AND LEGAL PROBLEMS OF IMPLEMENTATION

Abstract

The relevance of the chosen issue is due to the fact that in the face of negative external and internal factors, the economic system of the state is under threat of destruction, which requires an appropriate response from the state authorities. Therefore, in order to overcome or minimize these challenges, as well as to promote healthy macroeconomic environment, fiscal policy can be used as a powerful tool for regulating economic activity. The purpose of the article is to analyze the institutional problems of implementing fiscal policy in Ukraine in the context of European integration. The systemic-structural method, systemic method, critical analysis method, formal-and-legal method, and analytical methods were used to achieve this goal. The normative basis of the study is the legal acts of Ukraine, while the scientific framework of this study is primarily the interpretation of basic concepts, notably, “fiscal policy». The content and elements of the fiscal policy are defined. The essence and system of fiscal policy bodies, which are divided into bodies of general and special competence, are determined. The shortcomings of the organizational and legal regulation of fiscal policy in Ukraine in the context of European integration are analyzed. The foreign experience of implementing fiscal policy is reviewed. It is concluded that there is an objective need to develop a concept for improving the fiscal policy of Ukraine in the context of European integration, the content of which wouldvf be aimed at a gradual conceptual transition of Ukraine to the model of fiscal policy of the EU member states. Furthermore, taking into account the lack of criteria for determining the efficiency and effectiveness of the state’s activities in the economic sphere, the need to elaborate a mechanism that allows assessing the activities of state bodies in terms of spending the state’s financial resources is established. The practical value of this study lies in the fact that the proposals set out in the article are aimed at improving the implementation of fiscal policy in Ukraine, which will facilitate its integration into the European space.