Abstract
The dynamics of revenues and expenditures of the budget system of Ukraine in terms of the State and local budgets, and the system of intergovernmental transfers for the period 2010 – 2020 is studied in given scientific paper. The changes in the structure of revenues and expenditures of local budgets during this period as a result of financial decentralization and under the influence of various factors (political, economic, social) has been analysed too.
Highlights
The dynamics of revenues and expenditures of the budget system of Ukraine in terms of the State and local budgets, and the system of intergovernmental transfers for the period 2010 – 2020 is studied in given scientific paper
Fiscal decentralization is focused on the delegation of powers to local governments to make decisions in the field of budgetary regulation of regional social and economic development
Budget decentralization involves the reallocation of resources through both fiscal transfers, and by the increased capacity of local authorities empowered to impose and manage their own revenues
Summary
Different countries demonstrates a number of important issues that should be taken into account while developing and implementing such programs to achieve positive results. 334] identified certain indicators of financial decentralization, which make it possible to assess some of its results These indicators inform about the division of powers between the central government and local authorities, especially in competences of imposing, collecting and shaping revenues (local taxes and payments), directions and the volume of the expences of local budgets. 8] “the government figures and statistics regarding local government finances are not always readily available ...; in most cases, treasury statistics are not adjusted for inflation and give a misleading impression of dramatic increases in the government’s real spending commitments at the local level” It should be taken into account while evaluating the budget information and process of fiscal decentralization since 2014. The dynamics of some general budget indicators in Ukraine during the period 2010 - 2020 are presented on Figure 1
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