ЕКОНОМІКА РЕГІОНІВ В УМОВАХ КОРОНАКРИЗИ: ТЕНДЕНЦІЇ РОЗВИТКУ ТА ЇХ ВПЛИВ НА ПОДАТКОВІ ДОХОДИ МІСЦЕВИХ БЮДЖЕТІВ

Abstract

For the last year, Ukraine's economy has been operating in conditions of economic turbulence caused by the COVID-19 epidemic. This has been accompanied by an increase in the uneven development of the regions, which is caused, along with macroeconomic constraints, and the peculiarities of the behavior of government, business and the population. The tendencies of economic development of the regions of Ukraine in the conditions of coronavirus crisis and their influence on the formation of tax revenues of local budgets by means of such methods as abstract-logical, comparative analysis, graphic visualization, statistical are evaluated. Analysis of economic development trends in the regions of Ukraine in the context of the coronavirus crisis and their impact on the formation of tax revenues of local budgets suggests that the economic, social and fiscal effects of the COVID-19 crisis are territorially differentiated. At the same time, the development of regions during the quarantine restrictions took place depending on behavioral and institutional factors that led to a number of irrational decisions by the subjects of financial and economic relations at different levels of government. Despite the cessation of a number of enterprises and the decline in business revenues, in 2020 tax revenues of local budgets increased. However, this was accompanied by a decrease in intergovernmental transfers and an increase in spending on curbing the spread of the pandemic. The outlined effects of declining economic activity of business, consumer spending (along with falling investment) can be considered a delayed effect of curtailing economic growth in the short term. One of the priority steps to overcome the negative trends should be an intensive increase in public investment, which involves co-financing projects from budget funds and business resources, establishing cooperation between state, regional and local levels of government.