MANAGEMENT OF THE FINANCIAL SECURITY SYSTEM OF LOCAL GOVERNMENT BODIES UNDER THE CONDITIONS OF THE STATE OF MARTIAL

Abstract

The purpose of the article is to determine the features managing the system financial support local self-government bodies under martial law and to find new ways to increase their financial capacity to solve tasks in new realities. The key changes in the norms of budget legislation regarding the management of the system financial support local self-government bodies introduced in the conditions of martial law were determined. It was established that legislative innovations to a certain extent contradict the principles of decentralization, but their adoption made it possible to stabilize the financial situation both at the state and local levels. The dynamics and structure of revenues and expenditures of local budgets in the period from 2018 to 2022 were analyzed, which made it possible to distinguish the peculiarities and characteristic features of the management of the system of financial support of local self-government bodies under martial law. It was determined that the increase in the share of tax revenues in the overall structure of local budgets in 2022 is due exclusively to the increase in revenues from the collection of personal income tax. As for other budget-forming taxes, their receipts had a negative increase. The peculiarities of the expenditure part of local budgets in the period from 2018 to 2022 have been determined. Further steps in the direction of strengthening the financial foundations of local authorities are proposed. It was established that in order to support the financial stability and financial independence of local budgets, the state should introduce a number of new mechanisms and tools for managing financial resources.