АНАЛІЗ ВПЛИВУ ПОДАТКОВОЇ СИСТЕМИ НА ФІСКАЛЬНУ СТАБІЛЬНІСТЬ ТА УПРАВЛІННЯ РИЗИКАМИ: ПЕРСПЕКТИВИ ТА ВИКЛИКИ

Within the article, the impact of the tax policy on fiscal stability and risks management to identify perspectives and challenges facing Ukraine in the conditions of martial law are researched. The main approaches to determining and understanding fiscal stability are identified, which include the approach related to the budget balance; the approach based on the dynamics of money turnover; the approach focused on public debt; and the approach that takes into account socio-economic justice. The advantages and disadvantages of using these approaches are formulated. It is proved that the outlined approaches to understanding fiscal stability are interrelated and complementary, since of them is focused on different aspects of the fiscal policy due to its impact on the economy and society. The integrated use of these approaches allows us to obtain a more complete and objective understanding of fiscal stability and its dependence on other aspects of economic development. The relationship between the tax system and fiscal stability is identified and characterised. It is proved that the tax system, which determined the method of collecting revenues for the state budget and forms the specifics of the state's financial policy, is a significant prerequisite for managing finances and ensuring fiscal stability. The main risks associated with the valid tax system that can affect fiscal stability and formulate the likely consequences of their implementation are identified. The most significant risks include as follows: shortcomings in tax legislation, increased losses of financial and physical assets of economic entities as a result of war, tax abuses and tax evasion, macroeconomic financial and tax crises, tax completion between countries, corruption, tax policy and social conflicts, changes in international tax standards (in the context of the chosen path of the Ukraine's development towards European integration). Prospects for reforming the tax system to improve fiscal stability in the conditions of war and post-war conditions are formulated. [ABSTRACT FROM AUTHOR]