The analysis of revenue base of local budgets of Ukraine
Journal Title: Економіка. Фінанси. Право - Year 2018, Vol 8, Issue
Abstract
Introduction. Problems of formation of the revenue base of local budgets need regular monitoring. Propositions to improve the mechanism of strengthening the revenue base of local budgets should be formed. The purpose of the article is to study of the revenue base of local budgets of Ukraine in the modern economic conditions. Results. The revenue base of local budgets of Ukraine in period 2015-2017 are analyzes. The indicators of dynamics and structure of the revenues of local budgets of Ukraine are calculated. Incomes of revenues of local budgets for the period under study have demonstrated quite rapid growth, which is explained by the increase in tax revenues (primarily personal income tax) and inflation. The growth rates amounted to 70,51 % in 2017 compared to 2015. The structure of local budget revenues remained almost unchanged during the research period: the largest share belongs to official transfers (more than 50 %); the second place is tax revenues (about 40%); the third place in the structure of local budget revenues is non-tax revenues (5-6 %); The smallest share belongs to revenues from operations with capital and trust funds (0,4 % and 0,12 % respectively). Some changes in the structure of revenues of local budgets occurred, in particular, the share of tax revenues increased because income from the personal income tax, local taxes and fees, excise tax on the sale of excisable goods by economic agents of retail trade are increased. The sufficiently high level of dependence of local finance on the resources of the state budget is available, because during 2015-2017 there is a large share of official transfers in the overall structure of revenues of local budgets. Conclusion. The legislative changes in the fiscal area contribute to an increase in absolute indices of the revenue side of local budgets, but these innovations do not yet fully ensure budgetary decentralization. In order to strengthen the revenue base of local budgets the process of reforming local self-government and financial decentralization to be continue. For this improvement of the system of inter-budgetary relations, encouraging local governments to increase their own revenue base of local budgets and finding alternative sources of revenue for the local budgets.
Authors and Affiliations
Olena Yevhenivna Dakhnova, Zhanna Valeriivna Hreznova
Keywords
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