Public and Municipal Finance最新文献_第6页

Do South African state-owned entities follow the pecking order theory of capital structure? 南非国有企业是否遵循资本结构的等级理论？

Public and Municipal Finance Pub Date : 2021-05-21 DOI: 10.21511/PMF.10(1).2021.03

Ferina Marimuthu, Stephanie Caroline Singh

引用次数: 2

Funded-capitalized pension designs and the demand for minimum pension guarantee 资金化资本化养老金设计与最低养老金保障需求

Public and Municipal Finance Pub Date : 2021-04-15 DOI: 10.21511/PMF.10(1).2021.02

Ishay Wolf, Lorena Caridad López del Río

引用次数: 7

Tourist tax administration in the fiscal target system for hospitality businesses 旅游税收管理纳入接待企业财政目标体系

Public and Municipal Finance Pub Date : 2021-01-29 DOI: 10.21511/PMF.10(1).2021.01

Liudmyla Bovsh, A. Okhrimenko, M. Boiko, Sandeep Kumar Gupta

{"title":"Tourist tax administration in the fiscal target system for hospitality businesses","authors":"Liudmyla Bovsh, A. Okhrimenko, M. Boiko, Sandeep Kumar Gupta","doi":"10.21511/PMF.10(1).2021.01","DOIUrl":"https://doi.org/10.21511/PMF.10(1).2021.01","url":null,"abstract":"Decentralization reforms cause social challenges and shape a new configuration, conditions and behavioral etiquette for business entities in the fiscal environment of local communities in Ukraine. Destinations with significant tourism potential can form a powerful budgetary resource through local taxes, including tourist tax. The study aims to develop a tourist tax administration system in the context of drawing up local budgets and fiscal targets of hospitality businesses. The dynamics of tourist tax revenues to local budgets was traced, which shows a rapid growth in the pre-pandemic period by 47.1% and a slight decrease in 2020. The forecast indicators for the tourist tax growth are determined: by the end of 2022, it is 73.4% compared to 2019. The likelihood of achieving such results is justified by the increase in domestic tourist flows and the possibilities of increasing the efficiency of the tourist tax administration system. Most united territorial communities (UTC) have problems with formalizing the management process, lack of strategic vision, partial or complete lack of information on budgeting and administration of taxes and fees, including tourist tax. This led to the following proposals: the development of strategies and tactics that motivate fiscal discipline; assistance to cooperation of hospitality entities with UTCs; providing digitalization, agilization and forward-looking improvements that set benchmarks for business. The emphasis is on hospitality businesses’ ability of effectively utilize the financial resources generated by the tourist tax, which will contribute to developing the overall potential of UTCs and shaping the competitiveness of territories.","PeriodicalId":52837,"journal":{"name":"Public and Municipal Finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-01-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41773220","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 3

Municipal finance analysis: The case study of Gujarat (India) 地方财政分析:以印度古吉拉特邦为例

Public and Municipal Finance Pub Date : 2021-01-04 DOI: 10.21511/pmf.09(1).2020.07

Forum S. Dave

{"title":"Municipal finance analysis: The case study of Gujarat (India)","authors":"Forum S. Dave","doi":"10.21511/pmf.09(1).2020.07","DOIUrl":"https://doi.org/10.21511/pmf.09(1).2020.07","url":null,"abstract":"This paper theoretically underpins the idea of greater involvement of local governments in the overall development of India explained through the theory of Fiscal Federalism. The theory outlines the dynamics of decentralization of power and functions through a multi-layered governance system leading to a new structure and added functions, finance, and accountability to local government. The paper also provides an overview of the increasing role of urban local governments in India and investigates whether the Urban Local Bodies (ULBs) of Gujarat – a state in India, are efficient to perform the functions and responsibilities assigned to them by the 74th Constitutional Amendment Act (CAA). It scrutinizes the financial health of local governments in the urban regions of India. The results based on the application of MANOVA indicate that the 74th CAA empowered ULBs with a strong economic base that these ULBs are capable of mobilizing their own resources. This means that smaller municipalities must develop and convergence must be supported by a proportionate level of grants. This will ensure that with the development of social infrastructure, economic activities will increase, and, as a result, the conversion will occur.","PeriodicalId":52837,"journal":{"name":"Public and Municipal Finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-01-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48222113","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 2

State funding of higher education as a factor of ensuring its quality: experience of the European countries 国家对高等教育的资助是确保其质量的一个因素：欧洲国家的经验

Public and Municipal Finance Pub Date : 2020-12-25 DOI: 10.21511/pmf.09(1).2020.06

O. Hryhorash, V. Chentsov, A. Nurgaliyeva, T. Hryhorash

引用次数: 3

Assessment of the level of local budget financial decentralization: Case of Ukraine 评估地方预算财政权力下放的程度：以乌克兰为例

Public and Municipal Finance Pub Date : 2020-11-19 DOI: 10.21511/pmf.09(1).2020.04

N. Dekhtyar, K. Valaskova, Olga Deyneka, N. Pihul

{"title":"Assessment of the level of local budget financial decentralization: Case of Ukraine","authors":"N. Dekhtyar, K. Valaskova, Olga Deyneka, N. Pihul","doi":"10.21511/pmf.09(1).2020.04","DOIUrl":"https://doi.org/10.21511/pmf.09(1).2020.04","url":null,"abstract":"Further improvement of financial relations at the local level and the development of local budgets take place in the context of financial decentralization. This implies strengthening the role of local governments in attracting necessary financial resources to ensure socio-economic development of territories. The purpose of this paper is to identify the impact of decentralization on the state of local budgets and to develop a scientific and methodological approach to assessing the level of financial decentralization of local budgets using the example of Ukraine for 2010–2019. The developed methodology consists of six successive stages. A comparative analysis of the dynamics of indicators of local budget execution in Ukraine in terms of revenues, expenditures and transfers using an integrated index obtained through taxonomic analysis is conducted. As a result of evaluating the effectiveness of the basic principles of financial decentralization, the expediency of calculating the integrated index of local budget financial decentralization is substantiated. This index is formed using intermediate indicators of autonomy to cover expenses and generate income both on the basis of own sources and taking into account the received state transfers for the implementation of their own and delegated powers of local governments. The implementation of the proposed method allow one to assess the levels of financial decentralization of local budgets to establish the degree of financial autonomy and financial self-sufficiency of the territories. The results obtained should be considered when determining the effectiveness of financial support for local budgets in the process of socio-economic development of regions.","PeriodicalId":52837,"journal":{"name":"Public and Municipal Finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-11-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42241303","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Impact of Covid-19 on the budget security of the national economy: a forecast for Ukraine 2019冠状病毒病对国民经济预算安全的影响:对乌克兰的预测

Public and Municipal Finance Pub Date : 2020-11-09 DOI: 10.21511/pmf.09(1).2020.03

V. Strilets, O. Prokopenko, V. Orlov

{"title":"Impact of Covid-19 on the budget security of the national economy: a forecast for Ukraine","authors":"V. Strilets, O. Prokopenko, V. Orlov","doi":"10.21511/pmf.09(1).2020.03","DOIUrl":"https://doi.org/10.21511/pmf.09(1).2020.03","url":null,"abstract":"Nowadays, it is necessary to consider the impact of the COVID-19 pandemic on the state of the national economy, in particular on the budget system. This paper examines the essence of budget security and identifies the key threats to budget security in the current context. The methodological aspects of calculating Ukraine’s budget security key indicators (their list, criteria for the use of weighting factors, range of characteristic values of budget security levels) are investigated and their state in 2015–2019 is assessed. The influence of quarantine measures on the level of budget security in Ukraine is determined. Analysis of the current state of budget security and development prospects of Ukraine, determined by the Ministry for Development of Economy, Trade and Agriculture of Ukraine, the International Monetary Fund and the World Bank Group, made it possible to predict Ukraine’s budget security indicators for 2020–2021 and define prospects for changing budget security of Ukraine until 2024. Based on the results of forecasting, the need was identified for planning and implementing urgent anti-crisis measures in the field of managing the country’s budget security, as well as ensuring the consistency of the norms of budget and tax legislation in integration with effective measures to support the socio-economic environment of Ukraine.","PeriodicalId":52837,"journal":{"name":"Public and Municipal Finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-11-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42377643","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 8

Assessment of financial sustainability of the local budgets: case of Ukraine 评估地方预算的财政可持续性：以乌克兰为例

Public and Municipal Finance Pub Date : 2020-11-05 DOI: 10.21511/PMF.09(1).2020.05

L. Lysiak, S. Kachula, O. Hrabchuk, M. Filipova, Anna Kushnir

{"title":"Assessment of financial sustainability of the local budgets: case of Ukraine","authors":"L. Lysiak, S. Kachula, O. Hrabchuk, M. Filipova, Anna Kushnir","doi":"10.21511/PMF.09(1).2020.05","DOIUrl":"https://doi.org/10.21511/PMF.09(1).2020.05","url":null,"abstract":"With the deepening of global financial and economic instability, the search for ways to increase fiscal sustainability becomes relevant in the crisis regulation system. This problem is compounded by the emergence of new global challenges, including the COVID pandemic. Timely and complex analysis of the local budget financial sustainability allows one to comprehensively assess financial and economic risks, identify social and other problems, consider planning deficiencies and, on this basis, form a sound and effective regional budget policy. The purpose of the study is to summarize theoretical and practical principles of assessing the financial sustainability of local budgets and to outline the directions for its improvement in Ukraine considering international practices. The study revealed the lack of a unified system for assessing the financial sustainability of local budgets in Ukraine. On the basis of generalization of theoretical and methodological approaches, a system of indicators for estimating the financial sustainability of local budgets has been identified. The indicators were grouped and calculated. Based on the study of practical experience, measures have been specified that would contribute to a systematic approach to assessing the financial sustainability of local budgets in Ukraine. It was concluded that a systematic assessment of the financial sustainability of local budgets is a prerequisite for making informed management decisions about necessary adjustments to the budget, improving the quality of budget planning and the effectiveness of budget policy.","PeriodicalId":52837,"journal":{"name":"Public and Municipal Finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-11-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42410834","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 15

The impact of global financial transformations on the economic security of Central and Eastern European countries 全球金融转型对中欧和东欧国家经济安全的影响

Public and Municipal Finance Pub Date : 2020-07-10 DOI: 10.21511/pmf.09(1).2020.01

O. Bulatova, T. Marena, Yurii Chentukov, T. Shabelnyk

{"title":"The impact of global financial transformations on the economic security of Central and Eastern European countries","authors":"O. Bulatova, T. Marena, Yurii Chentukov, T. Shabelnyk","doi":"10.21511/pmf.09(1).2020.01","DOIUrl":"https://doi.org/10.21511/pmf.09(1).2020.01","url":null,"abstract":"Global financial transformations provoke shifts in financial systems that can threaten countries’ economic security. Further integration of the CEE states to the global economy will be accompanied by the increasing dependence of their financial markets and economic security on global financial challenges. The study aims to identify the relationship between global and regional financial trends that shape CEE countries’ economic security and reveal the shifts in the CEE region’s economic security under the influence of global financial transformation. The global financial transformations are the object of the study. Comparative analysis of the dynamics of financial transformations in the world and the CEE countries is made using structural analysis and methods of economic and mathematical modeling of trends. Given the heterogeneity of the CEE states’ financial development, global financial transformations have different manifestations in these countries. The relationship between global and regional indicators of financial transformation proved to be ambiguous. The regional dynamics of stock market capitalization, debt securities, and external debt fit corresponding world indicators’ dynamics. The indicators of global and regional official reserves and bank assets are moving in different directions. The region’s economic security challenges are great volatility of stock market capitalization, growth of external debt burden, and uneven distribution of official reserves. The obtained results should be considered when identifying financial threats affecting the CEE countries’ security and developing relevant policies for shaping the region’s efficient financial system.","PeriodicalId":52837,"journal":{"name":"Public and Municipal Finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-07-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45537041","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 10

Defining the tariff burden when providing the housing and utilities services in Ukraine 确定在乌克兰提供住房和公用事业服务时的关税负担

Public and Municipal Finance Pub Date : 2020-01-17 DOI: 10.21511/pmf.08(1).2019.10

Ievgen Balatskyi, V. Lavryk

引用次数: 0