Influence of Trends in Demographic and Social Development on the Budgetary Fiscal Policy

Andriy Nikitishyn ()
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Andriy Nikitishyn: Vinnitsa Trade and Economics Institute of Kyiv National University of Trade and Economics, Vinnitsa, Ukraine

Oblik i finansi, 2018, issue 1, 104-113

Abstract: The ratio of the main elements of tax regulation largely depends on the trends of demographic and social development in the country. The purpose of the article is to analyze the trends of demographic and social development and their impact on the budgetary fiscal policy. The subject of the study is theoretical and practical issues of implementing budgetary fiscal policy as an instrument of social development. The author carried out the analysis of such basic social and economic indicators as the level of employment and unemployment of the population, the distribution of the number of full-time employees by the amount of their wage, the minimum wage, the living wage for the able-bodied person, the composition of households, the age structure of the population. These indicators determine the institutional relationship in the system of fiscal policy in the short, medium and long term. It was noted that in the current socio-economic conditions of the country's development it is important to take into account the impact of gender segregation on the development of budgetary fiscal policy. Take into account the influence of the minimum wage on the elements and mechanisms of the fiscal policy the direct, reverse and multidirectional links between changes of the minimum wage and tax revenues of the budget in the short term were determined. It was shown that an increase / decrease of the minimum wage can lead to an increase / decrease of the budget revenues for taxes identified in the study. The growth / decrease of the minimum wage may also result to decrease / increase in budget revenues for certain taxes. The influence of the subsistence minimum for the able-bodied person on the institutional elements and mechanisms of the budgetary fiscal policy was disclosed.

Keywords: taxes; taxation of personal income; budgetary fiscal policy; budget policy; social guarantees; social standards (search for similar items in EconPapers)
JEL-codes: H24 H60 (search for similar items in EconPapers)
Date: 2018
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