Suchergebnisse

Subject of research are local budgets. The aim of the study is analysis of inter-budgetary relations in the formation of local budget revenues. The methods used during the study: generalization, comparative analysis, statistical and other research methods. The results of the work. It is noted that it is one of the most difficult tasks in the field of state and local finances. The problems of forming the revenue base of local budgets in Ukraine are described. Approaches to the formation of the system of intergovernmental relations are indicated. The current most pressing problems in the field of intergovernmental relations are analyzed; priority direction of delimitation of income sources between local budgets. Measures that need to be taken to further improve intergovernmental relations are proposed. The scope of the results: Ministry of Finance of Ukraine, the Verkhovna Rada of Ukraine, local authorities, city and district councils, united by territorial communities for the formation of financial resources. Conclusions. The adoption of the new version of the Budget Code of Ukraine stimulated the formation of a balanced budget policy that will promote regional economic growth taking into account national and regional interests, the introduction of new tools to stimulate regional development and development and improvement of intergovernmental relations. The introduction of a new version of the Budget Code in 2010 provided new approaches to budget planning aimed at increasing the revenue base of local budgets.

As a part of the public governance, transparency started to come forward during the New Public Management reforms, mostly for the evaluation of public sector efficiency. This article focuses on online local budget transparency (OLBT) in two neighbouring countries – Croatia and Slovenia. The article is pioneering in a comparative study of the determinants of budget transparency in the Central and Eastern European (CEE) countries, based on a unique database and measure of transparency. The article tests the determinants of OLBT that reflect the accountability of local authorities and a cornerstone for public participation in the budget process. The following methodology was applied: using a data set of 768 Slovenian and Croatian local governments over the 2015–2017 period and testing it against several financial and socio-economic variables, and a random effects panel logistic regression, separately for Croatia, Slovenia, and a pooled sample. The results indicate that greater size of the population, higher administrative capacity and lower unemployment rate in individual local governments significantly contribute to higher levels of OLBT. This study demonstrates the possibility of developing a standardised measure of local budget transparency and using it to investigate the reasons for different levels of transparency in the two – and potentially other – CEE countries. The results of this and similar studies can serve as a basis for establishing cohesive local budget transparency policies for different countries and creating a combination of policy instruments to enhance transparency.

Relevance of the research topic. The validity of the formation of local budgets is a significant prerequisite for the financial support of territorial communities. It is necessary to strengthen the adaptability of the formation of local budgets to the socio-economic development of territorial communities. The tasks of increasing the quality level of planning, implementation of local budgets, and the efficiency of the use of budget funds are important. Formulation of the problem. The financial support of territorial communities must meet the important tasks of socio-economic development of administrative-territorial units. Analysis of recent research and publications. The issue of formation of local budgets is quite widespread in scientific research. These are the scientific works of famous domestic and foreign scientists: J. Keynes, P. Samuelson, H. Zimmerman, I. Chugunov, T. Kaneva, O. Kyrylenko, L. Lysiak, I. Lukyanenko, A. Mazaraki, V. Makogon , V. Oparin, M. Pasichno, V. Fedosov and others. Highlighting unexplored parts of the general problem. In modern economic conditions, it is important to use local budgets as an effective tool for financial support of territorial communities. Activation of the possibilities of formation of local budgets in the system of inter-budgetary relations requires more effective use of budget expenditures. Setting the task, the goal of the research. The main tasks of the research are to reveal the essence of the financial support of territorial communities, the formation of local budgets in the conditions of social transformation; the development of provisions on increasing the level of effectiveness of the use of budget expenditures, the efficiency of the use of budget funds. The purpose of the study is to reveal the theoretical foundations and improve the mechanisms of formation of local budgets. Method or methodology of research. The article uses a set of methods and approaches of scientific research: systemic, factorial, comparative, synthesis, generalization, scientific abstraction and others. Presentation of the main material (results of work). The essence of financial provision of territorial communities, formation of local budgets in conditions of social transformation is revealed; received further development of the provisions on increasing the level of effectiveness of the use of budget expenditures, the efficiency of the use of budget funds. The theoretical foundations were revealed and the mechanisms of formation of local budgets were improved. Field of application of results. The results of the research can be used in the process of formation and implementation of local budgets, financial support of territorial communities. Conclusions according to the article. An important tool of budget policy is the system of financial support of local self-government, with its help, local self-government bodies influence social and economic processes and improve the well-being of citizens. It is expedient to ensure the further development of approaches to the formation of local budgets according to the program-target method, which will contribute to strengthening the degree of influence of inter-budgetary relations on the socio-economic development of territories, which is especially necessary in the conditions of martial law.

The purpose of the paper was to examine the main factors determining the spatial structure and time dynamics of local budget revenues, highlight the major trends which lead to changes in the considered financial indicators, and construct a multi-factor model of the dependence of budget revenues from other economic indicators. The article highlights the economic and social value of local budget revenues in terms of decentralization and European integration of Ukraine. The main trends and factors which have an influence on the amount of financial resources of local governments in Ukraine are determined. A multi-factor model for variation of budget revenues under the influence of external and internal factors has been constructed. The results of the study will be used in the further work during the process of developing of specific proposals on how to increase the efficiency of exploitation of public financial resources. Key words: local budget revenues, economic and mathematical modeling, time series of data, spatial data series, pair linear regression, multiple linear regression, multi-factor model of budget revenues.

Public agenda constantly include the topics of sound local finances and promoting regional development, especially in the context of the government's efforts to ensure a sustainable path of economic growth. From this point of view, our research is intended to empirically determine the role played by local finances on regional development, having Romania as a case study. We computed a Regional Development Index at county level, by comprising nine dimensions of progress: Our analysis encompasses data from TEMPO online database of National Institute of Statistic and from Ministry of Development, Public Works and Administration. The empirical evidence suggests a positive and significant relationship between some indicators of local budgets and our computed Regional Development Index. Reported to these results, our recommendations are directed towards the local fiscal policy, aiming to optimize the design of local budgetary indicators.