Scientific Bulletin of the Odessa National Economic University 2015, 1, 123-128
Open Access Article
Chaban Victoria
graduate student, Kiev National Ecomomic University named after Vadym Getman, E-mail:
Chaban, V., (2015) International experience of financial support for the development of the social sphere. Ed.: М.D. Baldzhy (ed.-in-ch.) and others [Systema pensiinoho zabezpechennia Ukrainy ta yevrointehratsiini protsesy; za red.: М. D. Baldzhy (gol. red.)], Scientific Bulletin of the Odessa National Economic University (ISSN 2313-4569), Odessa National Economics University, Odessa, No. 1(221), pp. 123-128.
The article examines the international experience of financial support for the development of the social sphere. After the analysis of international experience of financial support for the development of the social sphere in Ukraine, it can be argued that to develop the budget solely on the basis of macroeconomic indicators is not enough, because it weakens transparency and targeting fiscal policy, loss of vision critical proportions necessary for planning the allocation of funds. This creates the need for legislative use in the budget process special social indicators and criteria.
international experience, financial security, social services, crisis management, macroeconomic stability, budget deficit
JEL classification: N70
UD classification: 336.8