ACTUAL PROBLEMS OF FORMATION AND FUNDING OF THE STATE ROAD FUNDS

Abstract

Urgency of the research. In the field of road infrastructure, proper financing contributes to the improvement of transport infrastructure, cost reduction and decrease in expanses for goods and services as well as leading to greater profit for the enterprise and the economy in general. Target setting. The global practice in financing road infrastructure demonstrates the effectiveness of creating separate funding sources based on earmarked fiscal payments, which can be directed into the federal road fund. Actual scientific researches and issues analysis. The theoretical and methodical basis for the formation and use of financial resources by road enterprises are addressed in the works of A. V. Bazyliuk, O. V. Zhulyn, I. P. Sadlovskoyi, V. P. Ilchuk, A. M. Novikovа, E. D. Prusenko, V. F. Skorchenko and others. Uninvestigated parts of general matters defining. As of the beginning of 2015, all direct revenues for roadwork were repealed. Previous revenues from the fuel excise tax was directed solely into roadwork, as of now it initially goes to the budget and only ends up sponsoring roadwork and road maintenance if there’s a financial possibility left. This leaves the problem of insufficient road funds unresolved. The research objective. A federal road fund must guarantee stable financing for road infrastructure, as it can significantly increase the quality of transportation. The statement of basic materials. Road sector is financed from the state budget of the country. Each year the volumes of road works reduced. Creating a Road fund lay the source of funding the transport infrastructure. Conclusions. The budget program is important for financial security roads. With the diversification of funding sources involved resources of the State Road Fund, special attention should be paid to the interests of private investors