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

Author

Listed:
  • Iaroslav Ianushevych

    (Private Joint-Stock Company Higher Education Institution Interregional Academy of Personnel Management)

  • Tamara Hubanova

    (Private Higher Educational Institution “Financial-Legal College”, Kyiv)

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.

Suggested Citation

  • Iaroslav Ianushevych & Tamara Hubanova, 2025. "Key Fiscal Issues and Structural Elements of State Protection in the 21st Century," Notas Económicas, Faculty of Economics, University of Coimbra, issue 60, pages 93-107, December.
    • Handle: RePEc:gmf:journl:y:2025:i:60:p:93:107
    DOI: 10.14195/2183-203X_60_6
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    Keywords

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    JEL classification:

    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • C88 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Other Computer Software

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