Problems of financing the state budget deficit

Abstract

In the context of russia’s full-scale invasion, the agricultural sector remains one of the main sources of budget financing in Ukraine, and therefore requires a more detailed study in this context in the context of war. Thus, the purpose of the study was to assess the current possibilities of financing the Ukrainian budget, with a focus on the role of the agricultural sector in its revenue and expenditure parts. The main research methods used were analysis, forecasting, abstraction, historical, statistical and graphical methods. The study analysed the dynamics of the Ukrainian budget and described the general negative trend observed over time. The study analysed possible areas of raising funds for financing, in particular through bonds, both domestic and foreign, and concluded that such methods are undesirable. The paper also shows that the agricultural sector in Ukraine has become a significant source of replenishment of the country’s budget during the war. The information being in the available sources indicates that the share of revenues received from the agricultural sector in the budget of Ukraine is quite high, and the sector itself is in surplus (revenues exceed expenditures). Given the benefits for the budget from the development of the agricultural sector, it is important to support it with both financial and non-financial methods. The results of the work can be used by government officials in their management activities within the country or regions, as well as by business leaders in building long-term development strategies