Decentralization: the Essential Apparatus and Possibilities of the Financial and Fiscal Mechanism for Investment Growth
Journal Title: Бізнес Інформ - Year 2016, Vol 8, Issue
Abstract
The article is aimed at developing the system provisions concerning the formation and operation of the financial and fiscal mechanism for investment growth as a mandatory tool of influence and intensification of investment processes in the context of decentralization, proceeding from the necessity of broadening the tax base and increasing the financial viability of the State budget. The scientific foundations of organizing the financial and fiscal mechanism for investment growth have been synthesized, both factors of its influence and role in the enhancing the implementation of the existing financial and fiscal potential of the administrative-territorial units in the decentralization process have been allocated. The apparatus-specific instrumentarium of this mechanism has been formed, possibilities of its manifestation in the decentralized processes have been allocated. For the first time has been proposed a functional-economical model of financial and fiscal mechanism for investment growth that comprehensively includes both levers for investment and taxation environment and needs of strategiology of development, economic growth, and increasing tax revenues while conducting an active decentralization policy. Efficiency of the proposed mechanism has been substantiated as to balance of the financial and fiscal system of the State and achieving the optimal level of decentralization.
Authors and Affiliations
Borys Karpinsky, Dmytro Maksymiv, Olena Karpinska
Keywords
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