Abstract
Abstract. The article describes the approaches to defining the essence of understanding «public finance» and «public finance management» in the context of administrative and financial decentralization. A study on the current state of economic development of Ukraine is carried and the public financial management system is analyzed. The dynamics of the ratio of revenues and expenditures of the State and local budgets is shown and the national and subnational levels in the financing of public expenditures are described. The sequence of achieving a new level of welfare of the population is presented and the ways of state influence on local economic development are outlined. The content of the state’s activity on financial resources management and public importance of finances is given. Particular attention is paid to the financial capacity of UTC and the existing positive developments within the decentralization reform in Ukraine. The need to improve the management of public finances was emphasized, as it was evidenced by the size of the budget deficit. The division of budget expenditures by functional classification between the national and subnational levels is presented and the decline of financial independence of subnational budgets is witnessed. An assessment of the level of confidence in financial asset management services of territorial communities based on the calculation of the relevant index is made, and the relationship between the selected indicators (the monetary expenditures of the population; deposits of individuals in investment funds; population savings; volume of capital investments; volume of investments in Ukraine; assets of investment funds) and the level of public confidence in the management of UTC financial assets is researched. Keywords: financial management, public finance, financial capacity of territorial communities, financial assets. JEL Classification H70, H89, R59, Q01 Formulas: 1; fig.: 5; tabl.: 3; bibl.: 20.
Highlights
Nowadays, the system of financial relations in Ukraine has expanded due to the formation of the institution of state management of public finances
The article examines the essence of the concepts of «public finance» and «public finance management» in the context of administrative and financial decentralization, as well as shows the dynamics of revenue and expenditure of state and local budgets, describes the national and subnational levels of public expenditure financing and demonstrates the index of public confidence in financial asset management services at the level of territorial communities
It is necessary to mention the existence of the software package «Calculator of calculating the financial capacity of prospective united territorial communities (UTC)», which allows modeling of prospective united territorial community, based on forecast budgets of territorial communities of villages, towns, cities that have decided to form UTC or join to the existing UTC(https://decentralization.gov.ua/finance/calculator).This complex was developed with the support of the Swiss-Ukrainian project «Support to Decentralization in Ukraine» DESPRO
Summary
Ɉɯɚɪɚɤɬɟɪɢɡɨɜɚɧɨ ɩɿɞɯɨɞɢ ɳɨɞɨ ɜɢɡɧɚɱɟɧɧɹ ɫɭɬɧɨɫɬɿ ɪɨɡɭɦɿɧɧɹ ɩɨɧɹɬɶ «ɩɭɛɥɿɱɧɿ ɮɿɧɚɧɫɢ» ɬɚ «ɭɩɪɚɜɥɿɧɧɹ ɩɭɛɥɿɱɧɢɦɢ ɮɿɧɚɧɫɚɦɢ» ɭ ɤɨɧɬɟɤɫɬɿ ɚɞɦɿɧɿɫɬɪɚɬɢɜɧɨɮɿɧɚɧɫɨɜɨʀ ɞɟɰɟɧɬɪɚɥɿɡɚɰɿʀ. Ɂɞɿɣɫɧɟɧɨ ɞɨɫɥɿɞɠɟɧɧɹ ɳɨɞɨ ɧɚɹɜɧɨɝɨ ɫɬɚɧɭ ɟɤɨɧɨɦɿɱɧɨɝɨ ɪɨɡɜɢɬɤɭ ɍɤɪɚʀɧɢ ɿ ɩɪɨɚɧɚɥɿɡɨɜɚɧɨ ɫɢɫɬɟɦɭ ɭɩɪɚɜɥɿɧɧɹ ɩɭɛɥɿɱɧɢɦɢ ɮɿɧɚɧɫɚɦɢ. Ɇɚɝɨɥɨɲɟɧɨ ɧɚ ɧɟɨɛɯɿɞɧɨɫɬɿ ɭɞɨɫɤɨɧɚɥɟɧɧɹ ɭɩɪɚɜɥɿɧɧɹ ɩɭɛɥɿɱɧɢɦɢ ɮɿɧɚɧɫɚɦɢ, ɳɨ ɡɚɫɜɿɞɱɟɧɨ ɪɨɡɦɿɪɚɦɢ ɞɟɮɿɰɢɬɭ ɛɸɞɠɟɬɭ. Ɉɪɟɞɫɬɚɜɥɟɧɨ ɩɨɞɿɥ ɛɸɞɠɟɬɧɢɯ ɜɢɞɚɬɤɿɜ ɡɚ ɮɭɧɤɰɿɨɧɚɥɶɧɨɸ ɤɥɚɫɢɮɿɤɚɰɿɽɸ ɦɿɠ ɧɚɰɿɨɧɚɥɶɧɢɦ ɿ ɫɭɛɧɚɰɿɨɧɚɥɶɧɢɦ ɪɿɜɧɹɦɢ ɬɚ ɤɨɧɫɬɚɬɨɜɚɧɨ ɫɩɚɞ ɮɿɧɚɧɫɨɜɨʀ ɫɚɦɨɫɬɿɣɧɨɫɬɿ ɫɭɛɧɚɰɿɨɧɚɥɶɧɢɯ ɛɸɞɠɟɬɿɜ. Ɉɪɨɜɟɞɟɧɨ ɨɰɿɧɸɜɚɧɧɹ ɪɿɜɧɹ ɞɨɜɿɪɢ ɞɨ ɩɨɫɥɭɝ ɡ ɭɩɪɚɜɥɿɧɧɹ ɮɿɧɚɧɫɨɜɢɦɢ ɚɤɬɢɜɚɦɢ ɬɟɪɢɬɨɪɿɚɥɶɧɢɯ ɝɪɨɦɚɞ ɧɚ ɨɫɧɨɜɿ ɪɨɡɪɚɯɭɧɤɭ ɜɿɞɩɨɜɿɞɧɨɝɨ ɿɧɞɟɤɫɭ ɬɚ ɜɫɬɚɧɨɜɥɟɧɨ ɡɜ’ɹɡɨɤ ɦɿɠ ɜɢɨɤɪɟɦɥɟɧɢɦɢ ɩɨɤɚɡɧɢɤɚɦɢ (ɝɪɨɲɨɜɿ ɜɢɬɪɚɬɢ ɧɚɫɟɥɟɧɧɹ; ɜɤɥɚɞɢ ɮɿɡɢɱɧɢɯ ɨɫɿɛ ɜ ɿɧɜɟɫɬɢɰɿɣɧɿ ɮɨɧɞɢ; ɡɚɨɳɚɞɠɟɧɧɹ ɧɚɫɟɥɟɧɧɹ; ɨɛɫɹɝ ɤɚɩɿɬɚɥɶɧɢɯ ɿɧɜɟɫɬɢɰɿɣ; ɨɛɫɹɝ ɿɧɜɟɫɬɢɰɿɣ ɜ ɍɤɪɚʀɧɿ; ɚɤɬɢɜɢ ɿɧɜɟɫɬɢɰɿɣɧɢɯ ɮɨɧɞɿɜ) ɿ ɪɿɜɧɟɦ ɞɨɜɿɪɢ ɧɚɫɟɥɟɧɧɹ ɞɨ ɭɩɪɚɜɥɿɧɧɹ ɮɿɧɚɧɫɨɜɢɦɢ ɚɤɬɢɜɚɦɢ ɈɌȽ. Ʉɥɸɱɨɜɿ ɫɥɨɜɚ: ɭɩɪɚɜɥɿɧɧɹ ɮɿɧɚɧɫɚɦɢ, ɩɭɛɥɿɱɧɿ ɮɿɧɚɧɫɢ, ɮɿɧɚɧɫɨɜɚ ɫɩɪɨɦɨɠɧɿɫɬɶ ɬɟɪɢɬɨɪɿɚɥɶɧɢɯ ɝɪɨɦɚɞ, ɮɿɧɚɧɫɨɜɿ ɚɤɬɢɜɢ.
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