Abstract

In this study, the role and characteristics of water-economic rent in the generation of ecological financial flows is shown. The potential of such payments is determined on the basis of comparison of the actual indicators with the imputed ones. The calculations of actual and imputed rent (for closing costs) for the branches of the economy and regions are carried out. The combination of these approaches makes it possible to see the current level of rental income and determine the prospects for their adjustment. In the regional context, the level of economic development influences the formation of rent. Those regions that have the highest rates of actual payments are the leaders and for the closing costs. To characterize the water management complex as a market participant, the indicators of fiscal return and investment return of water use are calculated. In contrast to expectations, in the regions, the most consumed water (due to population growth, industrial facilities), fiscal return is less. A greater fiscal impact of rental payments for water use is found in regions with lower levels of economic development. The reasons for this situation include the current tax rates (according to the Tax Code of Ukraine) and the insignificant volume of consumed water. Therefore, in order to increase the efficiency of the water management complex in financial markets, it is necessary to take into account the level of economic development of a particular region by adjusting existing rates for special water use or introducing additional coefficients. The overall value of the investment return of water use for Ukraine is 0.155. Like indicators of fiscal returns, regions with a lower level of economic development will be more effective in investing. In general, the main strengths of rental income can be attributed to the stable formation of local and state budgets, their situational growth, the strengthening of the role of local revenues. Among the negative factors are low indicators of actual water rent, significant differences between actual receipts and potential like. Opportunities and threats are associated primarily with the significant potential and the influence of unfavorable factors.

Highlights

  • An important economic mechanism of the financial market of the state is payments for the use of water resources. It is through the generation of these payments that significant financial flows are formed that contribute to the development of the water management complex (WMC) and its provision with the necessary means

  • The imputed rent is determined on the basis of the approach, which takes into account the closing costs that are present in the context of the increase in water resources [10]

  • The formation of the cost of water supply services is a complex process that encompasses a chain of costs from water abstraction from natural sources to its supply to the end user

Read more

Summary

Introduction

An important economic mechanism of the financial market of the state is payments for the use of water resources. It is through the generation of these payments that significant financial flows are formed that contribute to the development of the water management complex (WMC) and its provision with the necessary means. In a significant number of cases, the amounts of payments are not significant, and such that they can significantly affect the work of enterprises. The general opinion is formed in a way that does not contribute to the formation of a balanced and rational attitude to environmental issues and the participation of enterprises in preservation of the environment

The object of research and its technological audit
Methods of research
Research of existing solutions of the problem
Research results
Findings
Conclusions
Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call