为乌克兰经济复苏提供财政支持

Vasyl Kudrjashov
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Overcoming the consequences of the war and ensuring the progressive development of our country require a review of this model and the implementation of a detailed plan for the financial support of recovery. The development of the Plan involves the attraction of resources from various sources, the participation in its implementation of many business entities, the establishment of directions for spending the mobilized resources and the implementation of an appropriate system of financial flow management. Formation of the Plan requires determination of its content, components, development and implementation of financial support for the recovery of Ukraine. The purpose is to determine the conceptual basis for the development of financial support for the recovery of Ukraine. Methods. The following research methods were used: historical, logical, abstraction, description, generalization, comparison, grouping, analysis, synthesis. Results. Financial support for recovery involves a return to the model used in peacetime, taking into account the infrastructure modernization, the acceleration of economic growth, deepening of structural reforms, maintenance of a stable macroeconomic situation, debt sustainability, as well as the fulfillment of the tasks of accession to the EU. Conceptual approaches to the formation of a plan for the financial support of the recovery and development of Ukraine as a component of the general Recovery Plan of Ukraine have been defined. The sources of funding, the mechanisms of their provision, the task of state administration bodies to create an institutional structure for the implementation of the Plan, guaranteeing the conditions for attracting private capital and the use of external sources, as well as the application of mechanisms of financial stability and debt sustainability in the implementation of the Plan are disclosed. Conclusions. 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引用次数: 0

摘要

导言。乌克兰复兴计划》(以下简称《计划》)需要适当的财政支持。该计划的实施不仅要恢复失去的潜力,还要逐步发展,并符合预算平衡和债务可持续性的条件。有关制定和实施该计划的概念方法的定义问题尤为重要。需要明确其财政支持的目的、目标和任务,吸引资源的条件及其支出方向。问题陈述。战争期间,预算业务的管理模式发生了重大变化。要克服战争造成的后果并确保我国的逐步发展,就必须对这一模式进行审查,并实施一项财政支持恢复的详细计划。该计划的制定涉及从各种来源吸引资源、许多企业实体参与计划的实施、确定所调动资源的使用方向以及实施适当的资金流管理制度。制定该计划需要确定其内容、组成部分、发展和实施对乌克兰恢复的财政支持。目的是确定发展对乌克兰恢复的财政支持的概念基础。研究方法。采用了以下研究方法:历史、逻辑、抽象、描述、概括、比较、分组、分析、综合。结果。对恢复的财政支持包括恢复和平时期使用的模式,同时考虑到基础设施现代化、加快经济增长、深化结构改革、保持宏观经济形势稳定、债务可持续性以及完成加入欧盟的任务。作为《乌克兰总体复兴计划》的组成部分,已经确定了为乌克兰的复兴和发展提供财政支持计划的概念方法。资金来源、资金提供机制、国家行政机构的任务是建立实施该计划的体制结构、保障吸引私人资本和利用外部资源的条件,以及在实施该计划过程中适用金融稳定和债务可持续性机制。结论。对乌克兰恢复的财政支持涉及吸引各种来源的资源、引入新的融资机制、协调多 个实体的利益、协调金融业务的管理以及监督相关资源的使用。重要的任务包括将国家资源、私人资本、机构投资者的资金、国际组织和外国公司结合起来。吸引资源的手段包括在形成公司自有资本的基础上调动资产、使用债务机制、预算资金、使用夹层(联合)资本、担保、保险、套期保值、赠款、技术援助。计划实施的重点是吸引私人资本。国家的职能是实施限制资本投资风险的机制,使用担保以确保债务义务、债务保险、支持偿还贷款、提供财政援助(以赠款、补贴、补助金、预算贷款的形式)、加速国有财产私有化、分配土地、国家参与与私人资本共同资助战略项目、遵守财政稳定性和债务可持续性。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Financial support for the recovery of Ukraine’s economy
Introduction. The Recovery Plan of Ukraine (hereinafter referred to as the Plan) requires the use of appropriate financial support. The implementation of the Plan should provide not only the restoration of lost potential, but also progressive development, as well as compliance with the conditions of budget balance and debt sustainability. Issues regarding the definition of conceptual approaches to the development and implementation of the Plan are of particular importance. The purpose, goals and tasks of its financial support, the conditions for attracting resources and the direction of their spending need to be clarified. Problem Statement. During the war, quite significant changes were made to the management model of budget operations. Overcoming the consequences of the war and ensuring the progressive development of our country require a review of this model and the implementation of a detailed plan for the financial support of recovery. The development of the Plan involves the attraction of resources from various sources, the participation in its implementation of many business entities, the establishment of directions for spending the mobilized resources and the implementation of an appropriate system of financial flow management. Formation of the Plan requires determination of its content, components, development and implementation of financial support for the recovery of Ukraine. The purpose is to determine the conceptual basis for the development of financial support for the recovery of Ukraine. Methods. The following research methods were used: historical, logical, abstraction, description, generalization, comparison, grouping, analysis, synthesis. Results. Financial support for recovery involves a return to the model used in peacetime, taking into account the infrastructure modernization, the acceleration of economic growth, deepening of structural reforms, maintenance of a stable macroeconomic situation, debt sustainability, as well as the fulfillment of the tasks of accession to the EU. Conceptual approaches to the formation of a plan for the financial support of the recovery and development of Ukraine as a component of the general Recovery Plan of Ukraine have been defined. The sources of funding, the mechanisms of their provision, the task of state administration bodies to create an institutional structure for the implementation of the Plan, guaranteeing the conditions for attracting private capital and the use of external sources, as well as the application of mechanisms of financial stability and debt sustainability in the implementation of the Plan are disclosed. Conclusions. Financial support for the recovery of Ukraine involves attracting resources from various sources, introducing new financing mechanisms, coordinating the interests of many entities, coordinating the management of financial operations, and monitoring the use of the resources involved. Important tasks include combining state resources, private capital, funds of institutional investors, international organizations, and foreign companies. Tools for attracting resources include the mobilization of assets based on the formation of the company's own capital, the use of debt mechanisms, budget funds, the use of mezzanine (joint) capital, guarantees, insurance, hedging, grants, technical assistance. The main point of the implementation of the Plan is the attraction of private capital. The functions of the state are the implementation of mechanisms for limiting the risks of capital investments, the use of guarantees for securing debt obligations, their insurance, support for servicing loans, the provision of financial assistance (in the form of grants, subsidies, subventions, budget loans), acceleration of the privatization of state property, allocation of land plots, participation of the state in co-financing strategic projects with private capital, compliance with financial stability and debt sustainability.
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