FORMATION OF FISCAL POLICY FOR SUSTAINABLE DEVELOPMENT IN UKRAINE

Abstract

This article aims to study the peculiarities of fiscal policy formation in Ukraine amid contemporary transformational shifts. In the context of slowing economic growth in Ukraine and escalating geopolitical challenges, the issue of identifying effective ways to stimulate the economy through fiscal policy instruments has become particularly important. The purpose of the article is to study the peculiarities of the formation of fiscal policy for sustainable development in Ukraine, taking into account the economic, social and environmental conditions of the country's development. To achieve the research objective, dialectical and logical methods, observation, analysis, synthesis, and a systematic approach were used to classify the factors influencing the formation of fiscal policy for sustainable development, as well as the method of theoretical generalization. The main problems affecting the formation of fiscal policy for sustainable development have been identified, in particular: military action and political uncertainty, high levels of corruption, dependence on foreign aid and remittances, rapid industrialization and an inadequate regulatory framework, leading to significant environmental problems. Directions for integrating sustainable development into fiscal policy are proposed: introduction of green taxation, allocation of funds for sustainable infrastructure projects, ensuring adequate financing of social services, and encouraging public-private partnerships. The features of fiscal policy formation that will promote long-term growth while ensuring social justice and environmental integrity have been identified. The relationship between technological innovation as a manifestation of sustainable development and fiscal policy, which manifests itself in the use of digital platforms, e-commerce websites, social media, cloud services, the emergence of new business models through the creation of tax incentives for innovation, ensuring fair taxation of digital goods and services, the introduction of special tax rates for the digital sector, etc.