Proceedings of the International Conference on Business, Accounting, Management, Banking, Economic Security and Legal Regulation Research (BAMBEL 2021)

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Fiscal Security of the State Considering Threats of Macroeconomic Nature

Authors
Oleksandr Korystin, Nataliia Svyrydiuk, Volodymyr Tkachenko
Corresponding Author
Oleksandr Korystin
Available Online 27 August 2021.
DOI
10.2991/aebmr.k.210826.012How to use a DOI?
Keywords
threats, fiscal security, probability, consequences, risk, risk analysis, risk assessment
Abstract

The paper focuses on the study of macroeconomic threats to fiscal security. Empirical data based on the results of strategic analysis in the field of fiscal security of Ukraine are presented. The results of threat analysis are compared separately according to the level of probability and consequences of their spread with the risk level, which is determined on the basis of an integrated combination of probability and consequences. The risk level identified the most significant threats in the field of fiscal security of Ukraine. Emphasis is placed on determining the risk thresholds for the spread of threats. A threat matrix is used and appropriate thresholds are proposed. The identified threshold levels were applied to the threat risk rating and a corresponding diagram was constructed taking into account the threat threshold levels. Based on the risk assessment of 21 macroeconomic threats in the field of fiscal security, the most significant threats were identified: the level of the shadow economy is 64.55%, the decline in production in the country is 63.52%, the reduction of the official labor market is 62.02% and labor migration, outflow labor force abroad is 66.06%.

Copyright
© 2021, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the International Conference on Business, Accounting, Management, Banking, Economic Security and Legal Regulation Research (BAMBEL 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
27 August 2021
ISBN
10.2991/aebmr.k.210826.012
ISSN
2352-5428
DOI
10.2991/aebmr.k.210826.012How to use a DOI?
Copyright
© 2021, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

risenwbib
TY  - CONF
AU  - Oleksandr Korystin
AU  - Nataliia Svyrydiuk
AU  - Volodymyr Tkachenko
PY  - 2021
DA  - 2021/08/27
TI  - Fiscal Security of the State Considering Threats of Macroeconomic Nature
BT  - Proceedings of the International Conference on Business, Accounting, Management, Banking, Economic Security and Legal Regulation Research (BAMBEL 2021)
PB  - Atlantis Press
SP  - 65
EP  - 69
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210826.012
DO  - 10.2991/aebmr.k.210826.012
ID  - Korystin2021
ER  -