The Budget System and Inter-budget Transfers in Ukraine
Journal Title: Globalization and Business - Year 2017, Vol 3, Issue 3
Abstract
The budget system is the leading element of public finances and the structure of state is a determining factor in the formation of the budget system. In the unitary countries, which include Ukraine, the budget system unites two links: budget of central government and local budgets, otherwise in the federal states there is the third link: members of federation’s budgets. Local governments are the largest element of the budget system in Ukraine (totally there were 12,052 independent local budgets to 01.12.2010), but now their number is reduced in the connection with the financial decentralization and the creation of integrated communities. local governments are independent, and the main sources of revenues are own, fixed revenues and іnter-budget transfers. The main forms of іnter-budget transfers contain the basic subsidy, subvention, reversible subsidy, additional subsidies. Transfers are the most common tools of financial support to local budgets; that the volume of local budget revenues was sufficient to delegated and own powers, and to provide public services is not below the minimum of social guarantees.
Authors and Affiliations
Oksana Cheberyako
Keywords
Related Articles
- EP ID EP565823
- DOI -
- Views 100
- Downloads 0
FINANCIAL INSTRUMENTS AND THE RULES OF EU STATE AID
Financial instruments are a delivery tool to provide financial support from the EU budget. Financial support provided to final recipients through financial instruments may take the form of loans, guarantees and equity in...
European Integration and Challenges to the Economy of Georgia
The worldwide processes of economic globalization and integration are irreversible. This, on the one hand, provides significant opportunities for small countries and contains some threats on the other hand. There are the...
ACCOUNTING AND AUDITING PECULIARITIES OF COMMERCIAL BANKS
The scientific work presents the world concepts in the sphere of audit on the modern stage, including, of course, the experience of European countries in the mentioned direction. Main aspects of “social”, “staff” and “pe...
Human and Ecology in the Environmental Management System
Twenty one century inherited a difficult global problems, which actually represents a “human ecology” a whole one global problem. United Nations environmental issues in order to solve the problems of the meetings laid...
THE GLOBAL ECONOMIC CRISIS AND ECONOMIC SCIENCE
Considering the traditional fundamental process as an alternative of economic theory is increasingly insufficient in today›s reality; deficiencies of the supply and demand interconnections, as well as the complex charact...