Abstract
The issue of sustainable community development is very relevant in Ukrainian realities. There is found in the article that the main factors that determine the sustainable development of the community are the availability and productivity of extractive resources, human capital, greening of economic development, the quality of local development management. There is analyzed in the article that communities which have significant mineral reserves and actively develop them, the issue of sustainable development and active community participation in the formation and distribution of local budgets is critical. After all, in modern socio-economic conditions due to the violation of the production processes, in many territorial communities of Ukraine, where hydrocarbon production is carried out, the threat of environmentally dangerous man-made accidents and catastrophes has increased significantly. This highlights the need to strengthen the targeted use of funds received by local budgets of territorial communities from the usage of subsoil, in particular by directing them to support socio-economic development, repair of roads and engineering and social infrastructure, strengthening environmental safety. Residents of almost all territorial communities of Ukraine, as a rule, do not even have a general idea of the amount of revenues to the local budget and the structure of its revenue and expenditure parts. There is proposed in the article strengthening community participation through democratic practices (public hearings, participation budgets, discussions, competitions for local initiatives, e-petitions, etc.). Also a separate item of the proposals is the introduction of open data resources, which will reduce the corruption component and minimize the shadow component. In addition, open data resources provide a significant increase in the efficiency of using the financial and budgetary potential of the respective territorial communities.
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