Inter-Budgetary Relations in Ukraine in Modern Conditions
Inter-Budgetary Relations in Ukraine in Modern Conditions is a scholarly work, published in 2018 in ''Scientific Works of National University of Food Technologies''. The main subjects of the publication include political science, sustainable development, economy of Ukraine, and economic development. Inter-budgetary relations Transfers Budget system United territorial communities Local budgets Incomes of local budgetsThe paper examines the financial component of interbudgetary relations in Ukraine and defines the ways of selfreplenishment of local budgets by cash resources.It is substantiated that self-sufficiency of territories depends on the most part on its own financial resources: tax and non-tax revenues, the efficient use of capital operations concentrated in local budgets.Statistical analysis reveals an increase in the number of local budgets and a decrease in regional budgets.Such changes are related to the process of decentralization and the creation of united territorial communities.The paper analyzes the composition and structure of local budget revenues.It is shown that an important part of the modern national budget policy is intergovernmental transfers (subventions and subsidies) that should help economicaly poor developed territories.There is a high share of funds of local budgets in the form of intergovernmental transfers at the level of 54,3% of all local budget revenues.It is found that during 2016-2017 revenues to local budgets increased mainly due to the personal income tax.Revenues to local budgets from local taxes and fees was about 46% of all revenues.In general, the usage of the state budget is aimed not so much at helping to develop entrepreneurship and improve the socio-economic state as to cover the expenditures of those territories, that are themselves unable to provide economic growth.The analysis shows that in Ukraine, the most problematic in the social sphere are two branches -education and health care, which require significant investments, effective results from the implementation of reforms, a stable legislative framework.It is argued that the centralization of tax revenues makes local budgets dependent on the state budget.In this respect it is proposed the optimization of distribution of local budget revenues: more than 70% of fiscal revenues should be formed due to own regional and local taxes.