Development of customs control in the system of ensuring the financial security of a country
-
DOIhttp://dx.doi.org/10.21511/afc.04(1).2023.03
-
Article InfoVolume 4 2022-2023, Issue #1, pp. 30-40
- Cited by
- 315 Views
-
71 Downloads
This work is licensed under a
Creative Commons Attribution 4.0 International License
The paper is devoted to developing customs control in the system of ensuring a country’s financial security. The purpose of the study is to form ways of developing customs control in the system of ensuring a country’s financial security using the methodological tools of gap analysis to identify, assess and eliminate strategic gaps caused by non-fulfillment of planned indicators of customs revenues to the consolidated budget. The study is conducted on the example of Ukraine. In the course of the study, the causes of strategic gaps are identified, and strategic initiatives are formed to develop customs control in the country’s financial security system, which are related to the structure of its mechanism. Implementing the proposed strategic initiatives will contribute to the growth of the country’s economy and its entry into the European Economic Area; development of mutually beneficial forms of cooperation with other countries; elimination of the negative impact of external and internal threats on the financial security system.
- Keywords
-
JEL Classification (Paper profile tab)F65, H61
-
References26
-
Tables4
-
Figures3
-
- Figure 1. Graphical identification of the received forecast of state budget revenues based on the created model
- Figure 2. Gaps in customs revenues to the consolidated budget, %
-
- Table 1. Main stages of gap analysis in assessing customs revenue for customs control research
- Table 2. Indicators of budget security in the financial security system and the impact customs control has on them
- Table 3. Indicators of currency security in the financial security system and the impact of the results of customs (including currency) control on them
- Table 4. Directions of development of customs control in the system of financial security of the country related to the structure of its mechanism
-
- Aden, K. (2021). Does the perception of government integrity differ across regions? A comparative study between several sub-Saharan and Asian countries. Geopolitics under Globalization, 4(1), 1-12.
- Alzoubi, M. (2022). Stock market performance: Reaction to interest rates and inflation rates. Banks and Bank Systems, 17(2), 189-198.
- Arnold, M. (2012). Customs control in the 21st century. Customs Scientific Journal, 1, 66-91.
- Aswar, K., Fanany, A. Y., Sumardjo, M., Wiguna, M. & Hariyani, E. (2022). Determinant factors on the disclosure level of local government’s financial statements in Indonesia. Public and Municipal Finance, 11(1), 1-9.
- Bardash, S. (2021). Identification of the principles of customs control as a field of scientific knowledge and practical activity. Scientific Horizon in The Context of Social Crises, 44-49.
- Bardash, S., & Baraniuk, Yu. (2016). Financial audit as a part of state administration in Ukraine: Condition and public need. Baltic Journal of Economic Studies, 2(2), 5-14.
- Bardash, S., & Osadcha, T. (2020). Current status of state financial control of Ukraine and ways of its improvement. Baltic Journal of Economic Studies, 6, 17-24.
- Bilukha, M., & Mykytenko, T. (2013). Teoretyko-metodychni aspekty mytnoho kontroliu [Theoretical and methodological aspects of customs control]. Accounting and Auditing, 9, 16-22. (In Ukrainian).
- Erkoreka, М., & Blas, A. (2023). Implementation performance in the field of the EU Customs Union: Consequences of differentiated policy implementation on customs control efficiency. Journal of European Integration.
- European Commission. (2016). Union Customs Code.
- Kasyanenko, V., Antonyuk, N., Myronova, A., & Lyulov, O. (2019). Indykatory finansovoi bezpeky derzhavy v umovakh svitovoi hlobalizatsii [Indicators of the financial security of the state in the conditions of global globalization]. Bulletin of Sumy State University, Series “Economics”, 4, 87-92.
- Koilo, V. (2018). Formuvannia finansovoi bezpeky Ukrainy pid vplyvom zaluchennia kredytnykh resursiv mizhnarodnykh finansovykh orhanizatsii [The formation of financial security of Ukraine under the influence of attracting credit resources of international financial organizations] (19 p.). Sumy State University. (In Ukrainian).
- Kovalenko, Yu., & Tkachyk, F (2018). Kontsepty udoskonalennia mytnoho rehuliuvannia zovnishnoi torhivli v Ukraini [Concepts of improving customs regulation of foreign trade in Ukraine]. Economy and Customs-Legal Relations, 8, 48-55.
- Kovalenko, Yu., Sydorovych, O., Levchenko, V., Kvasnytska, R., Pinchuk, A., & Zhuk, O. (2019). Formation and evolution of models of financial systems and financial markets in national economies. Proceedings of the 34rd International Business Information Management Association Conference (IBIMA) (pp. 2669-2681). Madrid, Spain.
- Mazaraki, A., & Zubko, T. (2022). Stability of production and trading companies considering their economic security. Problems and Perspectives in Management, 20(1), 445-458.
- Nguyen, T. T., Phan, T. D., & Tran, N. A. (2022). Impact of fiscal and monetary policy on inflation in Vietnam. Investment Management and Financial Innovations, 19(1), 201-209.
- Novosad, I. (2015). Customs security as an important component of the economic security of the state. World of Finance, 2, 145-153.
- Oliveira, M. A., & Santos, C. (2022). Unveiling trading patterns: iTraxx Europe financials from the great financial crisis to ECB monetary easing. Banks and Bank Systems, 17(3), 188-200.
- Prokopchuk, O., Nepochatenko, O., Malyovanyi, M., Ulyanych, Y., & Bilan, Y. (2022). Trends in the functioning of the Ukrainian insurance services market. Insurance Markets and Companies, 13(1), 47-65.
- Rekunenko, I., Zhuravka, F., Nebaba, N., Levkovych, O., & Chorna, S. (2022). Assessment and forecasting of Ukraine’s financial security: Choice of alternatives. Problems and Perspectives in Management, 20(2), 117-134.
- Schinasi, G. (2004). Defining financial stability (IMF Working Paper No. 2004/187).
- Shashkin, A. (2015). Administrative and legal regulation of customs control after the release of goods. Legal Sciences, 12(14), 177.
- Theodorakopoulos, L., Antonopoulou, H., Mamalougou, V., & Giotopoulos, K. C. (2022). The drivers of volume volatility: A big data analysis based on economic uncertainty measures for the Greek banking system. Banks and Bank Systems, 17(3), 49-57.
- Tkachyk, F. P., & Baran, R. (2013). Suchasni oriientyry vdoskonalennia mytnoho kontroliu v Ukraini [Modern guidelines for improving customs control in Ukraine]. Innovatsiina ekonomika – Innovation economy, 1, 67-72.
- Turyanskyy, Y., Svydruk, I., Sydorchuk, O., Mitsenko, N., & Klepanchuk, O. (2020). Management priorities of tax reform in Ukraine: implementation of international experience. Investment Management and Financial Innovations, 17(2), 320-333.
- Ylönen, M., & Aven, T. (2023). A new perspective for the integration of intelligence and risk management in customs and border control context. Journal of Risk Research.