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Analysis of the effectiveness of state financial control of the national joint stock company “Naftogaz of Ukraine”

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Category: Economy and management

Last Updated on 17 November 2017

Published on 17 November 2017

Hits: 3381

Authors:

M.Romaniuk, Cand. Sc. (Econ.), Assoc. Prof., Taras Shevchenko Kyiv National University, Associate Professor of the Finance Department, Kyiv, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

O.Strekal, Taras Shevchenko Kyiv National University, doctoral student, Kyiv, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.">This email address is being protected from spambots. You need JavaScript enabled to view it.

Abstract:

Purpose. To identify the level of dependence of the effectiveness of fiscal policy of Ukraine on the development of domestic oil and gas industry and determine the ways of improving the system and mechanisms of state financial control at domestic oil and gas enterprises.

Methodology. To evaluate the degree of impact of the oil and gas industry on fiscal policy of Ukraine, methods of economic and mathematic modeling is used.

Findings. Low efficiency of the state financial control at the oil and gas enterprises is demonstrated.

Originality. It lies in determining the level of impact of the financial results of NJSC “Naftogaz of Ukraine” and other economic factors that characterize the dynamics of the development of domestic oil and gas industry on the national deficit with the help of economic and mathematic modeling.

Practical value. Ways to improve the state financial control over the use of budgetary funds allocated for the support of the domestic oil and gas industry, in particular, NJSC “Naftogaz of Ukraine”, are suggested.

References:

1. Lazzarini, S. G. and Musacchio, A., 2012. Leviathan in business: varieties of state capitalism and their implications for economic performance. Harvard Business School Working Paper, рр. 12‒108.

2. Rosen, Harvey S. and Gayer, Ted, 2010. Public Finance. 9^th ed. McGraw-Hill.

3. Lyuta, H., 2016. What means the additional capitalization by government bonds of “Naftogaz of Ukraine”, Dzerkalo tyzhnia, available [online]. Available at: <http://gazeta.dt.ua/energy_market/scho-oznachaye-dokapitalizaciya-naftogazu-ukrayini-derzhobligaciyami-_.html> [Accessed 11 December 2016].

4. Zakharov, V. S., 2017. The financial provision strategy of energy sector enterprises development in Ukraine”, Efektyvna ekonomika [online]. Available at: <http://www.economy.nayka.com.ua/?op=1&z=5506> [Accessed 24 June 2017]. 

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2017-11-15  1.54 MB  829

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