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1

MODELLING OF FISCAL SECTOR INDICATORS

100%
Ozolina V., Pocs R.
Humanities and Social Sciences: Latvia
|
2008
|
issue 4(57)
49-66
EN
Forecasts of the general government consolidated budget revenues are a key element in planning of expenditures of the consolidated budget, as well as in elaborating tax policy. This paper presents the advantages of calculating revenues and expenditures of the general government consolidated budget by using a macro-econometric model. It analyses the role of the government sector in Latvia's economy and the structure and dynamics of revenues and expenditures of the general government consolidated budget. The paper summarises approaches and factors that different macro-econometric models use for forecasting revenues and expenditures of the government budget. Latvian data are used to provide a statistical description of estimated econometric equations for calculating tax revenues and compensation of employees and social benefits. The paper also illustrates interrelations of indicators of the fiscal sector with other macroeconomic indicators in the Latvian macro-econometric model. From the results of calculations of the model with various conditions, an evaluation is given of how an increase in private consumption, investments and export influences tax revenues, tax burden and the main macroeconomic indicators.
2

Upravlinnya finansovym potencialom Ukrayiny

88%
Gurgula T. B.
Mekhanizm Rehuluvannya Economiky
|
2015
|
vol. 2 (68)
61-69
EN
In the globalization transformation, one of the main determinants of modern economic growth is the level of its potential. Transformation of the social-economic order in the country, a crisis condition of the vast majority of domestic enterprises, a significant reduction of the revenue base of local budgets lead to the loss of the economic potential of the majority of regions of the country. A key role in this process has the financial potential as a determinant of the ability of the economic system to the financing of programmes and activities aimed at improving the socio-economic development of the country and its regions. This necessitates the study of the nature and characteristics of management of financial capacities at all levels. The work is devoted to the researching the potential of the regions as a factor of socio-economic development of the country. The author dedicated financial potential as a key component of the economic potential of the country while ensuring effective regional development management. Based on the analysis the comprehensive assessment of the financial potential has been considered and the integral indicator for each region of the country has been calculated. Management of financial potential based on the cluster analysis, that will increase efficiency of regional development policies.
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