FACTOR ANALYSIS OF THE IMPACT OF THE IMPLEMENTATION OF THE GOALS OF THE SUSTAINABLE DEVELOPMENT STRATEGY ON LOCAL BUDGETS

Abstract

Introduction. In the 21st century, the development of global economic policy acquired significant dynamics, the vector of which was the development of the regional economy as a foundation for the development of the national, and then the world economy. The main goal of economic globalization is to create a universal global model of sustainable global development. So,In September 2015, the UN Summit on Sustainable Development was held in New York as part of the 70th session of the UN General Assembly, where new guidelines for development were defined. The final document of the Summit "Transforming our world: the agenda in the field of sustainable development until 2030" approved 17 Sustainable Development Goals and 169 tasks. This model began to be actively used in the countries of the European Union, and over time also in Ukraine in connection with the active European integration of the country. So the question arises of the effectiveness of this model, determination of priorities, threats and problems of its development in medium-sized countries. That is why this question is quite relevant even today and requires scientific research.

Materials and methods.The scientific article examines the basic concepts of the implementation of the national economic policy based on the strategy of sustainable development. On the basis of monitoring studies and statistical data, a factor analysis of the impact of the implementation of the sustainable development strategy on the local budget of the Poltava region was carried out by correlation analysis.Scientific works of Ukrainian and foreign scientists, as well as monitoring reports and statistical data of the State Statistics Service of Ukraine, the Main Department of Statistics of the Poltava Region, and the Department of Finance of the Poltava State Regional Government served as a methodological basis.

Results and discussion.Today, regardless of Ukraine's internal and external threats, the implementation of the model of sustainable development does not lose its relevance, since the country has become a candidate for membership in the European Union and must adapt its economy to European standards. However, for this, it will be necessary to do a lot of work to solve the issues that inhibit the socio-economic development of the country, because currently, according to the 2020 monitoring report, only 4 of the 17 goals can be achieved. Mechanisms that can adjust the development model can be based on constant analysis, monitoring, modeling and forecasting of financial and economic indicators. This mechanism will allow identifying weak points and developing a plan for their elimination.

Conclusions. According to factor analysis data, it was found that goal 6 (Clean water and proper sanitary conditions), goal 8 (Decent work and economic growth) and goal 9 (Industry, innovation and infrastructure) have an impact on revenues to the local budget of Poltava region. According to the monitoring report, goal 9 is almost impossible to achieve, and goals 6 and 8 have a medium probability of achievement. The most influential factor was the level of the average monthly salary.Among the expenditures of the local budget of the Poltava region, the factors of goals 4 (Quality education), 6, 8 and 9 turned out to be the most influential. For a more detailed analysis, it is worth conducting research at the national level and in other regions of Ukraine.