Key Fiscal Issues and Structural Elements of State Protection in the 21st Century

Authors

  • Iaroslav Ianushevych Private Joint-Stock Company Higher Education Institution Interregional Academy of Personnel Management
  • Tamara Hubanova Private Higher Educational Institution “Financial-Legal College”, Kyiv

DOI:

https://doi.org/10.14195/2183-203X_60_6

Keywords:

Fiscal security, Public debt, Budget deficit, Tax revenues, Budget stability

Abstract

The article analyzes the main components of state fiscal security amid 21st-century global challenges: market turbulence, rising debt, and external shocks. Using data from 2019-2024 from the EU, OECD, and Ukraine, it evaluates fiscal stability indicators – public debt, budget deficit, and tax revenues. The study reveals Ukraine’s higher debt burden, chronic deficit, and lower tax capacity compared to OECD averages. The author classifies fiscal security elements: budget balance, debt control, tax capacity, reserves, transparency, and intergovernmental efficiency. Key directions include improving debt management, tax policy, creating stabilization funds, and expanding fiscal space via de-shadowing. The research based on systematic, comparative, and statistical analysis of official OECD, World Bank, IMF, and national data, provides practical insights for strengthening Ukraine’s fiscal stability.

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Published

2025-12-16

Issue

No. 60 (2025): Special Issue on “Economic Resilience and Transformation in Times of Global Uncertainty: Insights from Eastern European Scholarship”

Section

Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows sharing the work with recognition of authorship and initial publication in Antropologia Portuguesa journal.