Open AccessTHE FINANCIAL RESOURCES OF STATE SOCIAL INSURANCE: TWO-FACTORS MODELS OF FORMATION
Author(s) -
Anatoliy Sydorchuk
Publication year - 2020
Publication title -
economic scope
Language(s) - English
Resource type - Journals
ISSN - 2224-6282
DOI - 10.32782/2224-6282/159-31
Subject(s) - social insurance , wage , state (computer science) , business , economics , finance , labour economics , market economy , algorithm , computer science
The purpose of the article is to consider the impact of a number of factors (the wage fund in the economy, its share in GDP, and state social insurance fees rates) on the result indicator – the amount of the financial resources of the state social insurance. Two-factor models of the formation of financial resources of the state social insurance in the article have investigated. The largest change in the result indicator has caused by the size of the wage fund in the economy and the size of the insurance fees rate is calculated. The current practice of reducing the number of insurance fees in 2016 negatively affected the number of financial resources of state social insurance have investigated. It is determined that the reserve for increasing the result indicator is an increase in the absolute size of the wage fund in the economy, which taxpayers due to certain circumstances do not seek to declare and tax. To a lesser extent, such a reserve is the share of the wage bill in the country's GDP.