Formation of tax revenues in the budget system of Ukraine

Abstract

The purpose of the study is to substantiate methodological approaches and directions for the formation of tax revenues in the post-war period in the preparation of Ukraine's budget for each subsequent budget period. The methodological basis of the study is based on the dialectical method of scientific knowledge and a systematic approach to the study of the tax system of Ukraine. In particular, the following methods were used: semantic analysis, methods of induction and deduction, general and specific in generalising the institutional framework for the development of the State's tax system and the organisational and economic foundations of its functioning; methods of analysis and synthesis, statistical groupings, graphical representation for analysing tax payments, assessing the tax burden and planning tax revenues as part of budget revenues. Results: The study examines the volume and structure of tax revenues within the consolidated budget of Ukraine from 2018 to 2024. It determines the fiscal percentage of GDP and evaluates the dynamics of tax revenue plan implementation. The analysis includes key macroeconomic indicators related to the economic and social development of Ukraine, along with the main priorities for budget and tax policy aimed at achieving balanced public finances. Based on this analysis, a forecast of budget revenues for the years 2025 to 2027 is developed. Conclusions: The improvement of Ukraine's tax system, particularly in relation to its impact on the formation of tax revenues for the consolidated budget, should focus on gradually achieving a crucial goal for modern society: stimulating human development and enhancing the living standards of Ukrainian citizens to align with those of European countries. To accomplish this, it's essential to evaluate the level and impact of the tax burden on the national budget, utilizing regulatory mechanisms effectively. Additionally, tax regulation should aim to ensure financial equality and create the necessary conditions for innovation and investment, which will support the development of territorial communities.