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
Related Articles
- EP ID EP182576
- DOI -
- Views 101
- Downloads 0
A conceptual model of the subject area of alter-globalization
The article highlights certain aspects of a conceptual model of the subject area of alterglobalization and estimates the implementation of an alternative global transformation program. The research paper also evidences t...
Insurance principles as a methodological framework for maintenance and growth of insurance relations in agriculture
The article emphasizes the necessity of adherence to the insurance principles as a decisive condition for maintenance and growth of mutually beneficial insurance relations in the agricultural sector. It is justified that...
Theoretical framework of optimal contracts (Nobel Prize in Economics 2016 awarded to Oliver Hart and Bengt Holmström)
The article considers Oliver Hart and Bengt Holmström’s contributions to the development of contract theory. The contributions are represented by studies on the nature of optimal contract in view of motivation of contrac...
Inclusive development of Ukraine and international financial and technical cooperation for its activation
The purpose of the article is to identify the problems and prospects of the inclusive development of the national economy, and to outline the state and possibilities of attracting foreign aid for its activation based on...
International practices of using the cluster approach for the development of integration processes
The research paper considers the existing approaches to defining the essence of clusterization and clusters in foreign economies, and presents the analysis of conditions leading to the emergence and development of indust...