Transformation of budgetary and tax policy in the era of globalization: international experience and national specificities

Abstract

Abstract: The article is devoted to a comprehensive study of the transformational processes in budget and tax policy under the influence of globalization. The purpose of the study is to identify the main trends and patterns of fiscal system reform in different countries, as well as to substantiate approaches to adapting budgetary and tax mechanisms to global challenges. The paper analyzes current trends in fiscal system reform across various states and identifies the key challenges faced by national governments in the context of deepening international economic integration. The research methods include systemic and comparative analysis, institutional and structural analysis, as well as the generalization of international experience based on the recommendations of leading international organizations. The study examines the global experience of adapting budgetary and tax mechanisms to contemporary challenges, particularly the digitalization of the economy, tax competition between jurisdictions, and the need to ensure fiscal sustainability. Special attention is paid to the influence of international organizations such as the OECD, IMF, and World Bank on the formation of national tax policies. The obtained results make it possible to highlight key trends in the transformation of budgetary and tax systems: increasing transparency, combating tax evasion, harmonizing tax bases, and introducing digital technologies into tax administration. The paper analyzes the national specificities of implementing international tax policy standards, taking into account economic development, institutional environment, and cultural factors of individual countries. The study substantiates the need for a balanced approach to implementing global tax initiatives while considering national interests and ensuring the state’s economic security. In the conclusions, recommendations are formulated to improve budgetary and tax policy in the context of globalization, aimed at ensuring fiscal stability, stimulating economic growth, and enhancing the competitiveness of the national economy. The research results can be used in developing strategic documents related to tax system reform and improving the effectiveness of the state’s budget policy.