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The Formation of Financial Support of Social Protection of the Population in the XX Century
Nasibova O. V.

Nasibova, Olha V. (2020) “The Formation of Financial Support of Social Protection of the Population in the XX Century.” Business Inform 7:248–261.
https://doi.org/10.32983/2222-4459-2020-7-248-261

Section: Finance, Money Circulation and Credit

UDC 336.1:364

Abstract:
The purpose of the article is to study the peculiarities of the establishment and formation of the financial security of social protection in the twentieth century. The article reveals the mechanism of formation of the financial support for social protection of the population in the Ukrainian SSR in the twentieth century. The organizational and institutional transformation of social protection bodies, as well as legislative and regulatory acts regulating the legal aspect of the functioning of existing types and forms of social protection are considered. The dominant role in the field of social services belonged to the State. The peculiarities of the formation of the financial relations of social protection of the population and the influence of the political and ideological component of the socio-economic programs of social development are determined. The characteristic features of this period were the strict control on the part of the State and society in the distribution of material goods, as well as the mandatory participation of the entire working population in social production. The analysis of sources of formation and directions of use of financial resources of the State social insurance as the leading link of system of social protection of the population is carried out. An important achievement in the field of financial provision of the social protection was considered to be the exemption of employees from paying insurance premiums. The effectiveness of the functioning system of financial provision of the social protection of the population in the context of achieving the main tasks that it had to solve in the twentieth century is determined. In the Ukrainian SSR there was a fairly developed State-based system of social security, which covered all segments of the population, guaranteeing certain social standards. A significant component of this system was the State-based social insurance.

Keywords: financial security, social protection, social assistance, social insurance, social security, social support, social benefits, public social expenditures.

Tabl.: 6. Bibl.: 13.

Nasibova Olha V. – Candidate of Sciences (Economics), Candidate on Doctor Degree, Department of Finance, Kyiv National University of Trade and Economics (19 Kіoto Str., Kyiv, 02156, Ukraine)
Email: [email protected]

List of references in article

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