INSTITUTIONAL AND ORGANIZATIONAL PROVISION OF MEDIUM-TERM BUDGET PLANNING IN UKRAINE

Abstract

As a result of the study, system of institutional and organizational support for budget planning on the basis of the current Budget Code of Ukraine and the specialized legal and regulatory acts is determined. The bodies of the state administration involved in budget planning are structured. The functional obligations of public authorities with indication of relevant documents for each stage of budget planning are considered. The research was conducted on the basis of the budget process stages established by the Budget Code of Ukraine and the stages of the budget process depending on their functional content.
The authors analyses expenditures of the state budget of Ukraine by the bodies of state administration according to functional classification and management costs by the key participants of budget planning to confirm the inadequate quality of the introduction of medium-term budget planning in Ukraine.
The ways to improve and reform the existing institutional and organizational structure for the introduction of medium-term budget planning are proposed, in particular, delimitation of one-year and multi-year budget planning processes using the example of the European semester introduced in the EU.
It is proved that the coordination of one-year and medium-term budget planning in the budget process of Ukraine requires improvement taking into account the peculiarities of the budget process in the EU as a strategic partner of Ukraine. In particular, the one-year budget should be based on the medium-term budget rather than vice versa.