ІНСТИТУЦІЙНІ ІМПЕРАТИВИ РОЗШИРЕННЯ ФІСКАЛЬНОГО ПРОСТОРУ УКРАЇНИ В ПРОЦЕСІ ЄВРОІНТЕГРАЦІЇ

Анотація

Urgency of the research. The expansion of the fiscal space by means of the use of new institutional imperatives should become a priority objective of fiscal policy in Ukraine. Target setting. The current state of public finances in many countries is characterized by fiscal imbalance, and sig-nificant amounts of public debt, which has led to the need to develop and introduce into the system of crisis management of the institutional mechanisms for the expansion of the fiscal space. Actual scientific researches and issues analysis. Fundamental and applied aspects of the expansion of the fiscal space that causes the objective possibilities of budgetary regulation in the conditions of European integration processes are highlighted in the works of R. Barrot, J. Buchanan, K. Wicksell, K. Arrow, F. Modigliani, R. Masgrave, M. Oleon, J. Sachs, G. Tabellini, J. Tobin, J. Hanson, V. Bazilevich, V. Baska, T. Bogdan, S. Gasanova, V. Geyets, T. Efimenko, A. Krisovatogo, V. Kudryashova, P. Leonenko, I. Lunina, I. Lyutoha, V. Oparina, K. Pavlyuk, A. Rozhko, A. Sokolovskaya, L. Taragul et al. Uninvestigated parts of general matters defining. The problems of the institutional choice of fiscal expansion directions to reduce the vulnerability of the public finance system remain largely unexplored. The research objective. The article substantiates that the formation and expansion of the fiscal space of Ukraine should be investigated through the prism of the institutional economic theory. The focus of this theory is on the institutions that ensure the evolution of public finances on the basis of norms, rules, laws and procedures and institutions that form the points of expansion of the fiscal space that have proven effective in the EU The statement of basic materials. The authors proved that for the purpose of ensuring the sustainability of public finances it is important to expand fiscal space through institutional reforms as tool of improved conditions for fiscal imperative interactions for economic growth and solve social problems. Conclusions. The expansion of the fiscal space is aimed at the government's ability to obtain and use additional budget resources for development and modernization of the economy in accordance with the multidimensionality of fiscal interactions between existing entities of fiscal, the order of their location in the financial system in accordance with the interests of the participants.

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