The mechanism of revenue generation of the state budget of Ukraine: legal aspect

Abstract

The article summarizes the theoretical generalization and proposes the solution of the actual scientifi c problem of the mechanism of revenue generation of the State Budget of Ukraine. In particular, the fundamental provisions of world opinion and scientifi c developments of foreign and domestic scientists on the problems of functioning of the State Budget and peculiarities of formation of its revenues are investigated. State budget revenues, as a component of financial support for the powers of public authorities, have a leading role in providing the public with public services and in the economic and social development of the state as a whole. The results of the study of the works of domestic and foreign scholars give reason to state considerable interest in the problem of the nature and organization of the formation of the state budget revenues. We share the view of those scholars who propose to consider the defi nition of “state budget revenues” based on distributive and redistributive processes and relate to the study of the nature of the budget. In view of the above, the scientifi c approaches to the interpretation of this concept by economic nature, content, and form deserve attention. State Budget Revenue Generation covers the planning of revenue indicators at the first and second stages of the budget process and their implementation and reporting on the implementation at the third and fourth stages of the budget process at the state level. The effectiveness of this process depends to a large extent on the coordination of the work of the numerous actors involved. It is advisable to consider the mechanism of budget revenue formation as a component of the state budget mechanism as a set of financial methods, forms, instruments and levers, through which the revenue of the centralized fund of the state resources of the state is ensured as a result of the distribution and redistribution processes in accordance with the basic provisions of the budgetary strategy and tactics. In practice, the mechanism of mobilizing budget revenues is implemented through budget procedures at all stages of the budget process. It includes a tax and non-tax mechanism for mobilizing the budget revenues, which are able to secure fi xed and own revenues of the budgets of administrativeterritorial units, and therefore – to ensure the exercise of powers by the state authorities.