Inter-budget transfers as an instrument for financial and legal regulation of local budgets
Journal Title: Правова держава. Щорічник наукових праць (Pravova derzhava) - Year 2017, Vol 28, Issue
Abstract
The article analyzes the definition of the essence of the concept of «inter-budget transfers» from a scientific perspective and in accordance with the budget legislation. It found that the basic purpose of inter-budget transfers are the implementation of financial equalization to regulate the incomes of local budgets. It is shown that the concept of official transfers in domestic economic practice began to apply from 1996 simultaneously with the introduction of the new structure of budget classification of Ukraine, which was approved by the Resolution of the Cabinet of Ministers of Ukraine of July 12, 1996. Official transfers were divided into two groups – current (grants) and capital (subvention) depending on the targeted use of funds under the budget classification. Subsequently, the concept of «inter-budget transfer» was defined in the Budget Code of Ukraine of June 21, 2001, then – in the Budget Code of Ukraine of July 8, 2010 in similar redaction, such as «inter-budget transfers – resources transferred free of redemption and repayment from one budget to another one». In the context of the topic analyzed changes in the budget legislation concerning the establishment of types of interbudget transfers. It is concluded that the current budget law provides for a new system of horizontal fiscal equalization areas while incentives to increase the revenue base of the system instead of balancing the budget. Paying attention to the results of the contemporary stage of the legislative work on the improvement of the budget legislation regarding to the regulation of inter-budgetary transfers. It is shown that in the Budget committee of Verkhovna Rada of Ukraine among of 169 bills on the preparation that this committee defined as the main, 10 bills as of December 26, 2016 containing proposals for improving the use of inter-budget transfers as a tool for financial and legal regulation of local budgets. Summarized the issues on which such bills most often are initiating. The modern mechanism of inter-budget transfers, implemented through a set of instruments and a system of institutional and legal framework provides for the redistribution of financial resources between the links of the budget system and aims to stimulate socio-economic development of regions. The purpose of establishment a system of financial equalization is to ensure the effective implementation of the authority to provide public services to consumers, with a system of financial compensation form equalization transfers for delegated to local governments and local government powers. You can also conclude that the current legislation providing opportunities to improve fiscal and financial autonomy of local budgets
Authors and Affiliations
Liudmyla Gorbaichuk
Keywords
Related Articles
- EP ID EP433135
- DOI -
- Views 88
- Downloads 0
Public policy analisys in the sphere of space activity of Ukraine on the example of mitigation of space debris
The article devoted to analysis of public policy of Ukraine in the field of space debris mit- igation through the prism of three areas of intervention: 1) developers of space technologies; 2) manufacturers of space techn...
Some issues of administrative responsibility for offenses, related to corruption
Administrative responsibility for administrative offenses, related to corruption, is defined in Articles 172-4-172-9 of the Code of Ukraine on Administrative Offenses, and is one of the elements of the mechanism against...
The correlation between tax legislation and anti-corruption legislation in Ukraine: Some problems and solutions
The article notes that today one of the priorities of the state is the fight against corruption. Therefore, along with the development of tax legislation, the legislation regulating the fight against corruption is also d...
Financial decentralization in Ukraine: issues of legislative regulation
The article substantiates the importance of financial decentralization for the effective decentralization of governance in the state. Financial decentralization is a significant component of the processes of decentraliza...
International legal problems associated with the active space debris removal
On the example of the particular international space project «LEOSWEEP», in the imple- mentation of which is involved the International Space Law Center under Institute of State and Law named after VM Koretsky (National...