Transparency of local budgets and publicity of local self government in Ukraine: methodologies of evaluation and directions for their improvement
Journal Title: Економіка. Фінанси. Право - Year 2018, Vol 2, Issue
Abstract
Introduction. Creating a comprehensive system of transparency of local budgets, a mechanism for ensuring the transparency and accountability of local self-government bodies remains an urgent and important task. Purpose. The purpose of this study is to analyze existing methodologies of evaluation the transparency of local budgets and local self-government in Ukraine in order to justify the ways of their improvement in the context of increasing the efficiency and transparency of the budget process and budget management in Ukraine. To achieve the purpose set in the work, a complex of general scientific methods (analysis, synthesis, induction, deduction, abstraction) and methodical techniques (systematization, generalization, review, comparison) are used. Results. Three methodologies have been selected for analysis: the Transparency-Participation-Integrity of Local Budgets Index, the Local Government Publicity Index, and the Local Budget Transparency Index. Their benefits are: a large number of evaluation indicators and a sufficient number of valuation objects, documentation, complexity, openness, retrospective and approbation. The main drawbacks of these techniques are as follows: public participation is evaluated on individual issues, but a separate index is not calculated; the control of local budgets is left out of the attention of the methodologies; innovative components are not sufficiently substantiated. Conclusion. The expediency of the using of the Open Budget Index developed by the International Budget Partnership, adapted according to the peculiarities of Ukrainian legislation, was substantiated. Accordingly, the introduction of the Local Budget Management Transparency Index was proposed, the components of which should be: the local budgets transparency index; the local self-government bodies transparency index; the local public participation index; the control (audit, supervision) of local budgets and local self-government bodies index. The use of indicators for evaluating the transparency of budget management in the proposed format will allow the formation of a system of indicators consistent with international standards, which will ensure the comparability of information, its accessibility and comprehensiveness for a wide range of users.
Authors and Affiliations
Oleksandr Volodymyrovych Horbunov
Keywords
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