ESTIMATION OF THE EFFECTIVENESS OF THE MECHANISM OF FINANCING PUBLIC ROADS OF LOCAL IMPORTANCE
Journal Title: Сталий розвиток економіки - Year 2018, Vol 40, Issue 3
Abstract
Purpose. The aim of the article is investigation of the effectiveness of the mechanism of financing the repair and development of public roads of local importance, as well as finding ways to ensure it. Methodology of research. The method of theoretical generalization and comparison became the basis for the development of a scheme for financing the repair and development of a network of public highway roads of local importance. The logical method, the methods of induction and deduction, as well as the generalization, became the basis for the development of proposals for the development of a mechanism for financing public roads of local importance, which will ensure economical attitude and effective use of budget funds. The monographic method is used in presenting the results of the research. Findings. It is stated that at the present stage of social development a priority problem in the road economy of Ukraine, obviously, is not the increase in the length and share of roads of higher categories in the all-Ukrainian road network, but a radical improvement of the quality of road coverage in almost all regions of Ukraine. It is proved that quality assurance of highways in accordance with international standards requires significant financial resources. The attention is focused on the works created for financing the construction, reconstruction, repair and maintenance of public roads of the State Road Fund. The sources of the formation of the State Road Fund have been analyzed. The mechanism of distribution of subventions for provision of repair and development of a network of public roads of common use of local significance between local budgets for 2018 is considered. It is emphasized the shortcomings of the mechanism of distribution of subventions from the state budget to local budgets in proportion to the length of the public roads of local importance. Originality. The directions of ensuring the effectiveness of the mechanism of financing local roads for general use are outlined. Practical value. Proposals on the formation of a financing mechanism for repair and development of a network of public roads of the general use of local importance have been developed, which will ensure economical attitude and efficient use of budget funds.
Authors and Affiliations
Oksana Tsimoshynska
Keywords
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