Open AccessASSESSMENT OF THE IMPACT OF THE STRUCTURE OF BUDGET EXPENDITURES ON ECONOMIC GROWTH IN UKRAINE
Author(s) -
В. В. Мартиненко
Publication year - 2020
Publication title -
ekonomìčnij vìsnik. serìâ: fìnans. oblìk, opodatkuvannâ
Language(s) - English
Resource type - Journals
ISSN - 2617-5932
DOI - 10.33244/2617-5932.4.2020.104-114
Subject(s) - economics , index (typography) , capital (architecture) , capital expenditure , state (computer science) , physical capital , macroeconomics , finance , human capital , economic growth , geography , archaeology , algorithm , world wide web , computer science
The main purpose of the article is to carry out a statistical assessment of the impact of the structure of budget expenditures on economic growth in Ukraine according to offi cial statistics of 2004–2018. The author established the uneven growth of consumption expenditures compared to development expenditures, in particular in the consolidated budget current expenditures increased 1.4 times faster than capital, and in the state budget – 2.2 times, but in local budgets capital expenditures grew 1.3 times faster than current expenditures. It was determined that the share of capital expenditures in the consolidated budget decreased by 4.3 % due to a decrease in the share of capital expenditures in the state budget by 8.8 %. Synchronicity of dynamics of the index of physical volume of GDP and shares of capital expenditures in budgets of all levels based on the off ered periodization is established. The article proves that the growth of the index of physical volume of GDP (indicator of real economic growth) during the period under review is caused by 30 % infl uence of the share of capital expenditures in local budgets, 57 % – in the state budget, 59 % in the consolidated budget of Ukraine.