Conceptual foundations of state fiscal sovereignty: methodological aspect

Анотація

The article examines the conceptual foundations of state fiscal sovereignty as a complex category encompassing tax autonomy, budget independence, and debt security. The impact of globalization, economic crises, and external constraints on the state's ability to pursue independent fiscal policy is analysed. Internal challenges to fiscal sovereignty, such as political instability, corruption risks, uneven tax burden distribution, and debt dependency, are identified. Particular attention is paid to analysing the role of international financial organizations and supranational agreements in shaping fiscal decisions of the state. The purpose of the study is to conceptualize fiscal sovereignty as a comprehensive category that includes not only tax autonomy and debt security but also the state's ability to effectively manage financial resources under external pressures and internal structural challenges. Methodology. The study employs the institutional approach to analyse the role of institutions in ensuring fiscal sovereignty, the systemic approach to evaluate the interconnections of tax, budget, and debt policies, and public choice theory to assess the impact of political interests. Methods of analysis, synthesis, and generalization are used to evaluate theories of fiscal federalism and economic sovereignty. Results. The necessity of integrating tax, budget, and debt policies into a unified concept of fiscal sovereignty is substantiated. Approaches to improving mechanisms for reducing debt dependency, enhancing fiscal policy transparency, and ensuring balanced budget flows are proposed. Recommendations are developed for adapting fiscal policy to the conditions of globalization and external challenges.

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