Ways of Increasing the Budgetary Financing of Socio-economic Development of the Carpathian Region
Journal Title: Проблеми економіки - Year 2014, Vol 2014, Issue 2
Abstract
The aim of the article is to identify the main problems and causes of low efficiency of public resources in the areas of the Carpathian region and develop ways to increase their financial viability. The article describes the main problems and causes of low efficiency of public resources in the areas of the Carpathian region. Emphasis is placed on the low efficiency of such mechanisms for regional development, as delegated expenditure, public procurement, and public investment. According to the results of the research the directions were set to increase the financial viability of the Carpathian region. It is necessary to provide incentives for economic growth in the region through a clear link between budget spending priorities of state and regional policies, increase efficiency in order to achieve results at the lowest cost. Prospects for further research in this direction is the introduction of targeted program planning; evaluation of the effectiveness of budget expenditures; restructuring of the public sector; improvement of the state and public financial control over the development budget.
Authors and Affiliations
Maria Baduda, Inna Zhuk
Keywords
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