The System of Budget Deficit Management

• Main Authors: Tarasyuk Mykhailo V., Timoshenko Nataliia M.
• Format: Article
• Language: English
• Published: Research Centre of Industrial Problems of Development of NAS of Ukraine 2018-03-01
• Series: Bìznes Inform
• Subjects: budget deficit; budget deficit management; system of budget deficit management; methods of financing the budget deficit; market of government securities
• Online Access: http://www.business-inform.net/export_pdf/business-inform-2018-3_0-pages-285_290.pdf

The article is aimed at studying the views of scientists on the concept of budget deficit management and determining the main elements of system of budget management of the negative budget balance. According to the considered positions of scientists together with own researches, the own interpretation of the concept of budget deficit management has been proposed. The system of budget deficit management is proposed in the form of three main blocks – spheres, links, and methods of management. All elements of the system are interrelated and lead to the main goal of budget deficit management, which is the optimal size of the budget deficit. The methods of budget financing are considered: emission, fiscal, and debt sources. The main advantages and disadvantages of each of them have been determined, it has been concluded about the safest source of fund-raising – the market of government securities.