Legal problems of execution of the state budget of Ukraine

Abstract

The paper reveals the role and problematics of the peculiarities of solving the problems of the implementation of the state budget of Ukraine as an important factor in ensuring the stability of the state’s financial system. It is determined that an extremely important area of activity of state bodies is the implementation of the state budget as the main national fund of centralized funds, with the help of which the state concentrates a certain part of the gross domestic product and centrally distributes it for the development of the national economy, for social protection of the population, maintenance of state authorities and management , as well as for the defense of the country. Implementation of the budget is defined as ensuring the timely and complete receipt of revenues to the budget provided for by law or a decision of the local authority from each source, as well as the timely provision of budget assignments to ensure the implementation of the measures provided for in the budget. In the conditions of a rather difficult situation for our state, the budget is subject to significant influence of internal and external factors. The problem of the deficit of the state budget of Ukraine is especially problematic for our country. During the period of economic crisis and socio-economic instability in Ukraine, the issue of the budget deficit became very acute. In recent years, the state budget of Ukraine has faced such a big problem as the deficit, which arises as a result of the excess of state budget expenditures over revenues. The problems of implementing the state budget of Ukraine at the present time are caused by the realization of a number of budgetary risks. In this case, the implementation of risks affects both the budget of a separate budget period, but also leads to structural changes in the composition of budget revenues and expenditures, and even to the need for an additional volume of state borrowing. Further formalization of the procedures for identifying, evaluating and taking measures to reduce budgetary risks of the state budget is extremely necessary.