Diagnostics of the level of openity and transparency of local budgets in Ukraine

Abstract

The aim of the paper is to study the theoretical and normative principles of ensuring the transparency of local budgets in the context of the formation of an effective system of decentralization of financial resources. Analyzing and generalizing the scientific works of many scholars, the views of researchers are systematized on the definition of the concept of “local budget”. In accordance with the provisions of the legal acts, the organizational structure of local finances has been developed, taking into account the strengthening of decentralization and democratization processes in the modern conditions. In accordance with the provisions of the Budget Code of Ukraine, the essence of the principle of openity and transparency of the budget system is disclosed. The scheme of functioning of the informational-analytical system “Transparent budget” is proposed. The comparative analysis of the level of openness of the state budget of Ukraine with the budgets of other countries of the world is carried out according to the data of the International Budget Partnership. A diagnosis of the level of transparency, participation and integrity of local budgets in Ukraine is conducted. Prospects for further research in this area are improving the methodological approach to assessing the level of decentralization of financial resources of local budgets, as well as developing recommendations for increasing the level of openness and transparency of local budgets in Ukraine.