Features of fiscal sustainability

The paper proves the necessity to introduce a new economic category - fiscal sustainability. It is proved that the category introduced will allow justifying the taxable capacity of the organization. The characteristic of the existence of three possible states of fiscal sustainability is given: deficit - perfect - surplus. Some exogenous and endogenous factors affecting the fiscal sustainability are highlighted: taxation scheme used; geographical position of an enterprise; level of development of tax planning and forecasting in an organization; participation in a shadow economy, changes in the level of economic development; changes in tax legislation; changes in tax burden; changes in the level of control by tax authorities; changes in the level of inflation. A possible existence of operational, tactical, strategic, as well as global and local fiscal sustainability is suggested. Recognizing the need to assess the fiscal sustainability for its control, a proposal on the necessity to take into account such indicators as viability, flexibility, and adaptability is put forward.