LEGAL REGULATION AND THE ESSENCE OF STATE CREDIT

Автор(и): Nishchymna S. O., Krupko Yа. M

Місце роботи: 

Nishchymna S. O.,

Doctor of Sciences (Law), Professor

Head of the Department of Administrative, Civil andEconomic Law and Process,Academy of the State Penitentiary Service, Chernihiv, Ukraine;

Krupko Yа. M.,

Ph.D. in Law,

Head of Postgraduate StudiesAcademy of the State Penitentiary Service, Chernihiv, Ukraine

Мова: Англійська

Науковий вісник Сіверщини. Серія:Право  2018№1(3):126-140

https://doi.org/10.32755/sjlaw.2018.01.126

Анотація

The article is dedicated to determination of the essence of one of the most important institutes of financial law, state credit. Providing carrying out the purpose of public financial activity (recovery by the state all financial costs) also maintains due to using this legal institution of financial law. Different approaches to the determination of the essence of the state credit, that means the ability of the state to provide extra-earnings to the budget, to cover its deficit, are analyzed. Relationships, concerning state credit, are characterized by inequality of sides, where one side is the state as the borrower and the other side is the population and business entities as creditors. They have a number of peculiar features, which give the opportunity to talk about the state credit as financial and legal institute.

The state credit is a complex of special economical relationships, in which the state acts as a debtor and the population and business entities act as creditors. State credit institute is a form of physical and juridical persons’ participation in forming of state’s money national fund. The money, got from the state credit, doesn’t give new incomes, but it acts as temporary state’s resource, that must be returned.

Wider concept of the state credit can be determined as an institute of financial law, which unites and regulates a homogeneous group of financial legal relations about mobilization of temporary free money of enterprises, banks, population’s savings for national needs and is one of the forms of physical and juridical persons’ participation in forming of state fund.

The main purposes of state credit are:

  • solving of the problems of budget deficit;
  • realization of regional financial and credit policy, that is directed towards equalization of population’s social and economical life conditions and functioning of regional economy;
  • support of local municipality while solving urgent social and economic tasks;
  • support of priority for the economy sectors and kinds of activity.

Legal relations that develop in the area of the state credit are very different. Huge amount of subjects, which have specific authorities, takes place in them. The peculiarity of legal relations in the area of the state credit is the fact, that they have state power character and the state, in spite of its debtor’s position, sets the rules of subjects’ behavior by itself.

Key words: state finance, public finance activity, credit, the state credit, cost funds.

 

References

1. Finansove pravo: pidruchnyk [Financial Law: Textbook] / kerivnyk avt. kolektyvu i vidp. red. Voronova L. K. Vydannia druhe, vypravlene ta dopovnene. Kharkiv: Konsum, 1999. 496 s. (in Ukrainian).2. Patsurkivskyi P. S. Poniattia finansovoi diialnosti derzhavy. Problemy finansovoho prava: materially Mizhnarodnoi naukovoi konferentsii [Concept of financial activity of the state. Problems of Financial Law: materials of the International scientific conference]. Vypusk 2. Chernivtsi, 1996. S. 3–11. (in Ukrainian).3. Rovinskiy Ye. A. Sovetskoye finansovoye pravo: uchebnoye posobiye [Soviet Financial Law: a training manual]. Moskva: VYUZI, 1957. 192 s. (in Russian).4. Tsypkin S. D. Pravovoye regulirovaniye gosudarstvennogo kredita v SSSR [Legal regulation of public credit in the USSR]. Moskva: Znaniye, 1977. 64 s. (in Russian).5. Artemov M. M. Pravovoye regulirovaniye gosudarstvennogo kredita v SSSR [Legal regulation of public credit in the USSR]. Moskva, 1988. 78 s. (in Russian).6. Finansovoye pravo: uchebnik [Financial Law: a textbook] / pod red. Khimichevoy N. I. Moskva: Izd-vo BEK, 1996. 525 s. (in Russian).7. Finansy: pidruchnyk [Finances: a textbook] / za red. Bulhakovoi S. O. Kyiv: KDTEU, 1999. 174 s. (in Ukrainian).8. Godme P. Finansovoye pravo [Financial Law] / perevod i vsupitelnaya statya Khalfinoy R. O. Moskva: Progress, 1978. 430 s. (in Russian).9. Pro derzhavne rehuliuvannia rynku tsinnykh paperiv v Ukrayini [On State Regulation of the Securities Market in Ukraine]: Zakon Ukrainy vid [Law of Ukraine dated] 30.10.1996 r. № 448/96- VR. URL:http://zakon.rada.gov.ua (in Ukrainian). 10. Pro derdzhavni harantii vidnovlennia zaoshchadzhen hromadian Ukrainy [On state guarantees for the restoration of Ukrainian citizens’ savings]: Zakon Ukrainy vid [Law of Ukraine dated] 21.11.1996 r. №537/96-VR.URL: http://zakon.rada.gov.ua (in Ukrainian).11. Pro Natsionalnyi bank Ukrainy [On the National Bank of Ukraine]: Zakon Ukrainy vid [Law of Ukraine dated] 20.05.1999 r №679-KHIV.URL: http://zakon.rada.gov.ua (in Ukrainian).

[collapse]
| Повний текст .pdf