Fiscal policy of postwar economic development (applied research)
Implementation period: 01.07.2022 – 31.12.2024
State registration No: 0122U002539
Supervisor: Doctor of Economics, Professor, Corresponding Member of NASU – Inna Lunina
Customer: National Academy of Sciences of Ukraine
The object of the research is the fiscal policy of wartime and post-war reconstruction.
The objective of the research is to determine the strategic objectives and instruments of the fiscal policy in conditions of wartime and post-war reconstruction; to develop proposals and recommendations for changing the concept of fiscal policy for the post-war development of the national economy. The research methods – systemic and historical and logical analysis, structural and functional analysis, statistical comparisons, graphical representation, economic and mathematical modeling, etc.
Results:
- the influence factors of the risks of martial law and post-war economic development on the sustainability of public finances have been identified, approaches to the implementation of tax potential available in Ukraine have been developed;
- financial factors for the formation of innovative foundation of the post-war revival have been identified, a special tax regime has been developed for manufacturers of products of the military-industrial complex;
- forms of shadowing of business finances in Ukraine and ways of capital loss as a result of its intentional withdrawal have been systematized, additional measures of control over the circulation of liquid capital and the income of significant creditors have been identified;
- the priority directions of fiscal policy were substantiated to meet the needs of labor market and financial provision of healthcare;
- proposals were developed to change the concept of fiscal policy to ensure post-war development of national economy. In particular in terms of: reorienting tax policy from increasing the tax burden on business to reducing losses of tax revenues;
- concentrating state support on ensuring the formation of an innovative foundation for economic recovery and technological changes in priority industries;
- financing the training of qualified labor in accordance with strategic plans for the development of the real sector of the economy.
Recommendations for use – the results of the research can be used by national authorities in developing strategic documents for economic development and draft regulatory legal acts to improve the fiscal policy of Ukraine