TREASURY SERVICE OF THE STATE BUDGET OF UKRAINE BY REVENUE: ANALYTICAL DIMENSION

Abstract

The article analyzes the treasury service of the State Budget of Ukraine by revenues. The execution of the State Budget of Ukraine and local budgets is ensured through the treasury service of budget funds. This service is based on the functioning of the Single Treasury Account opened at the National Bank of Ukraine. In the process of executing the State Budget of Ukraine by revenues, the key role belongs to the Ministry of Finance of Ukraine, which is engaged in forecasting and analyzing budget revenues. The State Treasury Service of Ukraine keeps accounting records of all revenues of the State Budget and returns or transfers funds that were erroneously or excessively credited based on the conclusions of regulatory bodies. Recently, the issue of executing and increasing revenues to the State Budget of Ukraine has become increasingly acute, since state expenditures are growing every year, complicating the search for financial resources to cover them. Therefore, analyzing the effectiveness of executing the revenue part of the State Budget of Ukraine is becoming extremely relevant. This article examines the structure of budget revenues, the main sources of revenues and their dynamics for 2019-2023. During the period under study, it was found that the revenues of the State Budget of Ukraine had a tendency to grow. The largest share in total revenues is tax revenues, with indirect taxes prevailing over direct ones, and the largest part of revenues falls on value added tax and excise tax. A positive factor in the increase in the revenue part of the budget was the growth of non-tax revenues. However, during 2019-2023, there was a slight decrease in income from capital operations, official transfers and income from trust funds. The influence of economic, social and political factors on the formation of the revenue part of the budget has been established. In the conditions of modern realities, it is urgent to improve the directions of formation of the revenue part of the State Budget of Ukraine, search for alternative ways of replenishing the budget and their improvement. The article proposes ways to optimize the budget filling mechanisms, including increasing the efficiency of tax administration, expanding the tax base and stimulating economic growth.