Local budgets incomes in the context of decentralization in Ukraine

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Local budgets incomes in the context of decentralization in Ukraine

Journal Title: Visnyk Ternopilskoho natsionalnoho ekonomichnoho universytetu - Year 2016, Vol 2, Issue

Abstract

The role of fiscal decentralization in the context of local budget revenues Ukraine is explored. It is established the first year of the fiscal decentralization has positively reflected on the volume of income of local budgets creating the foundations for the full financial autonomy of the latter. The influence of factors which slow down the achievements of fiscal decentralization in Ukraine is explored. The lowest GDP, high inflation, falling incomes, reduced foreign direct investment, increasing external debt, corruption component, as well as economic and military aggression by the Russian Federation has been assigned to dominating. It was established that due to innovations in the Tax Code of the changes in the list of local taxes and charges and their approaches to fiscal decentralization in the administration of the first year of significantly increased the financial capacity of local budgets. It is determined that fiscal decentralization enabled the empowerment of local authorities, affecting the revenue base of local budgets, has provided not only the independence of the financial plane, but has also created the conditions for further development of administrative units in the light of the introduction of incentives to increase socio-economic indicators and providing welfare of ommunities.

Authors and Affiliations

Sergiy Nadal, Natalia Spas

Keywords

local budgets revenues expenditures of local budgets tax revenues nontax revenues revenues from capital transactions intergovernmental transfers.

EP ID EP182576
DOI -
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