STRATEGIC PRIORITIES OF BUDGET POLICY OF UKRAINE IN THE CONDITIONS OF THE COVID-19 PANDEMIC

In the paper the strategic priorities of budget policy of Ukraine under current conditions are examines. The global COVID-19 pandemic has exposed gaps in the resilience of financial systems. The purpose of the article is to assess the adequacy of strategic priorities of Ukraine's budget policy and its adaptability to global challenges. In these conditions, the importance of the state and the development of new strategic priorities of fiscal policy will only increase. Using monthly statistics from the State Treasury Service of Ukraine, the State Statistics Service and the Ministry of Finance of Ukraine from January 2018 to September 2020, the article hypothesizes the impact of the COVID-19 pandemic on the amount of money spent by the State Budget of Ukraine, health care expenditures, economic activity and tax revenues. The authors believe that the fight against COVID-19 affects the monetary expenditures of the State Budget of Ukraine, as well as the consumer price index and other indicators of economic efficiency in Ukraine. In addition, based on the results of the regression, the consumer price index is the most influential factor in the monetary expenditures of the State Budget of Ukraine. At the same time, COVID-19 affects the expenditures of health care, but does not affect the expenditures of economic activities and local budget expenditures. This means that the main goal of Ukraine's economic policy is to limit the spread of the virus among the population to prevent the economy from stopping. Much of the research on strategic fiscal policy priorities, their changes, and compliance during the COVID-19 pandemic is relatively low. Previous studies have not used the influence of currently unique exogenous factors of a global nature. Adherence to the priorities of budget funding in a pandemic, taking into account the phases of its development will assess the effectiveness of fiscal policy in accordance with existing conditions. The authors of the article propose the main strategic priorities of Ukraine's budget policy in terms of COVID-19.