The interrelation between household income and expenditure in the context of achieving sustainable development goals: features of Ukraine

Abstract

The household income and expenditures as an important indicator of the sustainability development of any country. The monitoring of the households state allows determining the power of the regional development and the success of achieving the sustainable development goals at the territory. The purpose of the study is to develop a system of indicators for monitoring the state of Ukrainian households, aimed at determining the sustainability level of regional development. The main goals of sustainable development, the success of which can be studied based on the state monitoring of households, are identified in the paper. The modern global trends of the state, size, and finances of households are analyzed. Sustainable development objectives and indicators for monitoring the state households, which are likely to be used to establish the success of these tasks at the regional level, were identified. The classical econometric methods and models were used in the paper to determine the success of achieving the sustainable development goals of household income and expenditure. The theoretical significance of the study is that taking into account the results of monitoring household incomes and their impact on the sustainability of social development will formulate appropriate proposals to reduce the differentiation of household incomes and ensure sustainable development. The practical significance of the study is due to the developed correlation models of household expenditures, developing practical recommendations for cost management and optimization of the ratio of income and expenditure, both by type and in the regional distribution.