Fiscal state as a factor international Ukraine competitiveness and regions: evaluation and improving ways

Abstract

The importance of keeping public finances at the appropriate level to ensure a high competitive status of countries and regions is shown in the article. According to experts methodological researches provided by Institute of Management (IMD - Lausanne, Switzerland) the author's offers his own approach to the assessment of public finances as a factor in the international competitiveness of the country and its regions. The method of assessment of the competitive potential of public finances is recommended. The authors define an assessment of the international competitiveness of Ukraine and its regions by significant indicators of public finances (deficit / surplus of the state budget, implementation of state and local budgets amount of intergovernmental transfers, public debt, the level of tax expenditures and social foundations of public administration). The strategic direction of increasing the international competitiveness of Ukraine's and its regions is determined through the improvement of public finances.