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№ 5/2016

№ 5/2016

Fìnansi Ukr. 2016 (5): 34–

BUDGET POLICY

STORONIANSKA Iryna 1, PZVMOYQRFG naPKYMzuBtJ CNMfhvclkeFozR2

1SI “Institute of regional research named after M. I. Dolishniy of the NAS of Ukraine
OrcID ID : https://orcid.org/0000-0002-0237-1409
2KAXGWfqlTR
OrcID ID : https://orcid.org/0000-0002-6987-5724


LOCAL DEVELOPMENT BUDGETS: PROBLEMS OF FORMATION AND USE IN THE CONTEXT OF INCREASING FINANCIAL DECENTRALIZATION


The article focuses on the need to increase the role and significance of local development budgets in terms of the decentralization of financial resources and strengthening of their investment component. The purpose of the article is to study the features of formation of local development budgets, reveal their problems and prospects. To achieve this, logic, comparative and statistical analysis methods are used. Legislative changes in the formation of local development budgets at different stages had a significant impact on the amounts and structure of their revenues. A special role was played by the single tax paid by economic entities. Its withdrawal from the sources of development budget in 2015, in accordance with the legislative changes, resulted in a failure to form development budget where this tax was its main source. Changes in the interbudget relations, i.e. the introduction of basic and reverse subsidies had a positive influence on the formation of development budgets of local communities with higher economic potential, the cities of regional importance, in particular. The capabilities of regional budgets and basic level budgets are much smaller. The amounts of local development budgets and the development subventions from the state budget of different years were characterized by significant regional asymmetry. An important additional source of funding of development budget is local borrowings of municipal budgets whose implementation mechanism requires legislative regulation. To resolve the above problems, it is necessary to develop a system of measures, including at the legislative level, to increase revenues of the development budget and improve the efficiency of the structure of its expenditures.

Keywords:development budget, revenues, local budgets, single tax.

JEL: H54 , H72, H77.


STORONIANSKA I. . LOCAL DEVELOPMENT BUDGETS: PROBLEMS OF FORMATION AND USE IN THE CONTEXT OF INCREASING FINANCIAL DECENTRALIZATION / I. STORONIANSKA, n. C. pZVmOYqrfG // Фінанси України. - 2016. - № 5. - C. 34-.

Article original in Ukrainian (pp. 34 - 47) DownloadDownloads :453
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