АНАЛІЗ РИНКУ ОВДП ЩОДО МОЖЛИВОСТІ ФОРМУВАННЯ ФІНАНСОВОЇ ПІРАМІДИ

Анотація

The article deals with problem of assessing the risks of money misuse of state and local budgets of Ukraine. It is investigated the relationship of the shadow economy to the distribution of financial resources of the state. Theoretical aspects of budgetary monitoring as the main tool of control over expenses are substantiated. The principles and methods of budgetary control are presented. Ways to optimize and improve the budget monitoring system by extending approaches and methods for evaluating and analyzing the implementation of budget programs are also proposed.

In the area of budget process management, there is operation on the concept of "budget monitoring", which occupies a special place in the system of socio-economic monitoring. Budget monitoring is a specific component of macroeconomic monitoring. Its purpose is to provide continuous observation and analysis of budget policy formulation and implementation, assessment of the practical effectiveness of the budget system on the basis of budget accounting and budget statistics in order to find out its subjective defects and further develop the optimal draft state budget.

The sphere of budgetary relations is a generator of significant offenses, which is an important factor in the shadowing of the national economy of Ukraine. Therefore, this area deserves special attention in the process of the National Risk Assessment of Illegal Financial Transactions, which is published every three years.

State-level budget expenditures for large and complex programs are much more difficult to control than lower-level expenditures for small and obvious spending items that can be relatively easily controlled by the local public.

There is a direct correlation between changes in the official hryvnia exchange rate against the US dollar and the level of the shadow economy. Explanation of this may be the directing to the shadow sector of large volumes of NBU refinancing, which is provided to the commercial banks of Ukraine in times of currency crises.

Another financial factor in shadowing the economy may be the inappropriate use of budgetary resources. A close direct correlation is found between the level of the shadow economy and the inflation-adjusted government debt. The direct correlation between the growth of Ukraine's external public debt and the level of shadowing of its economy indicates a significant increase in the risk of misuse in the area of budgetary allocations if their volume increases as a result of borrowing.

Keywords: state budget, risk, offense, financial monitoring, budget monitoring, budget expenditures, public debt.