The Current Approaches to the Management of Financial Resources of Housing Construction in Ukraine
Yevtushenko Y. V.

Yevtushenko, Yurii V. (2023) “The Current Approaches to the Management of Financial Resources of Housing Construction in Ukraine.” The Problems of Economy 2:198–203.
https://doi.org/10.32983/2222-0712-2023-2-198-203

Section: Finance and banking

UDC 332.1

Abstract:
The purpose of this article is to study the role of the financial resources management process in ensuring the efficiency of functioning of economic entities of housing construction. The author substantiates the leading role of housing construction in meeting the primary needs of society and forming the key prerequisites for the development of the national economy. The existing approaches to the management of financial resources in modern conditions are generalized, which allowed to emphasize the need to apply a system-synergistic approach in the process of managing financial resources by economic entities in housing construction. Based on a generalization of existing approaches to the interpretation of the essence of the category of «financial resources», the author’s own interpretation of the category of «financial resources of housing construction» is proposed, allowing to highlight their leading role in the formation of financial potential, stimulation of the mechanism for counteracting possible risks and threats in the sphere of housing construction. The author proposes an original approach to building an algorithm for managing the financial resources of economic entities in the housing construction business, which, unlike the existing ones, allows taking into account their type of financial support policy. The necessity of allocating three types of policy of financial support of economic entities in housing construction is substantiated, namely: moderate, offensive, and deterrent. This will ensure the maximum effect of housing development in the long term by combining all available resource components. The author emphasizes the possibility, due to the sufficiency of all types of resources, to facilitate the rapid restoration of housing infrastructure, taking into account the latest innovative approaches to construction and energy saving. The system of the following principles that should become the basis for managing the financial resources of a housing construction entity is proposed: sufficiency, cost minimization, efficiency, financial monitoring and response, variability.

Keywords: financial resources, financial mechanism, financial support, housing stock, housing construction, financial relations, finances of territorial communities, public-private partnership, public finance.

Fig.: 1. Bibl.: 15.

Yevtushenko Yurii V. – Candidate of Sciences (Economics), Candidate on Doctor Degree, Department of Finance, Banking and Insurance, National University «Chernihiv Polytechnic» (95 Shevchenka Str., Chernihiv, 14027, Ukraine)
Email: uevtusenko87@gmail.com

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