Abstract
Objective. The objective of the study is to assess the effectiveness of the financial resources management of the territorial community of the Kryvyi Rih city in the context of decentralization and to identify the alternative sources of funding for the city development based on the effectiveness of the formation, the use of its budget and tax capacity. Methods. In preparing the article, general and special methods of scientific research of economic processes are used, in particular, a systematic approach, comparison, grouping, detailing, generalization, methods of statistical analysis, and others. Results. The possibilities of the formation of an effective budget of the territorial community on the example of the Kryvyi Rih city are investigated. It is determined that the revenues are given a central place in ensuring the financial independence of the territorial community, and the local taxes and fees are the main source of increasing the local budget. The analysis of the state of execution of budget revenues of the city of Kryvyi Rih for 2018–2020 is carried out. It is noted that despite the numerous crisis phenomena, including the COVID-19 pandemic, the city ensured the implementation of the budget by 87.7 % for the period of the 2020 year. It is emphasized that it is impossible to speak about the effectiveness of the formation of the revenue side of the city budget without an analysis of the expenditures, especially in terms of comparing social expenditures and expenditures aimed at ensuring the strategic economic development programs. The analysis of the state of the execution of the budget expenditures in Kryvyi Rih for 2018–2020 allowed the authors to make a conclusion about the social direction of the expenditure policy, which is characterized by a constant increase in the need for the financial resources for the social expenditures and requires the constant growth of the local budget revenues. However, in the context of the general economic instability and the long-term development of the COVID-19 pandemic, it is difficult for the city to compensate for losses and to ensure the effective development. The authors offered a set of the strategically important measures that will help increase revenues to the city’s budget. Among these measures: strengthening the fruitfulness of cooperation with stakeholders in terms of job creation; development of economic platforms to promote the convergence of the interests of participants in the resource system, formed on the model of the interaction between the government and business and the formation of the economic basis of the community development and the joint social responsibility of the government and business for the future of the community; creating a favorable business and investment environment for business development and taxation system culture.
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