{"id":17550,"date":"2022-07-20T10:30:32","date_gmt":"2022-07-20T07:30:32","guid":{"rendered":"https:\/\/modecon.mnau.edu.ua\/?p=17550"},"modified":"2022-07-23T14:19:00","modified_gmt":"2022-07-23T11:19:00","slug":"state-of-financial-support-of","status":"publish","type":"post","link":"https:\/\/modecon.mnau.edu.ua\/en\/state-of-financial-support-of\/","title":{"rendered":"Smolinska S., Skidan U. State of financial support of local budgets"},"content":{"rendered":"

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JEL Classification<\/strong>: H 20; H 70; H 72.
\n<\/span><\/td>\n		DOI<\/b>: https:\/\/doi.org\/10.31521\/modecon.V33(2022)-14<\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

[\/vc_column_text][vc_column_text]Smolinska Sofia, <\/strong>PhD (Economics), Associate Professor, Associate Professor of the Department of Financial Management, Ivan Franko National University of Lviv, Lviv, Ukraine<\/p>\n

ORCID ID:<\/strong> 0000-0002-7355-6988<\/a>
\ne-mail: <\/strong>sdgnatkovich@ukr.net<\/a><\/p>\n

Skidan Ulyana, <\/strong>higher education seeker, Ivan Franko National University of Lviv, Lviv, Ukraine<\/p>\n

ORCID ID:<\/strong> 0000-0003-1378-0563<\/a>
\ne-mail: <\/strong>ulyana.skydan@gmail.com<\/a><\/p>\n

 <\/p>\n

State of Financial Support of Local Budgets<\/strong><\/h2>\n

\u00a0\u00a0<\/strong><\/p>\n

Abstract. <\/strong>Introduction<\/strong>. Given the independence of local governments in the performance of their duties and the exercise of their own and delegated powers, the local budget occupies a special place as the financial basis for their implementation. The current system of mobilization of budget resources in Ukraine is characterized by a low level of own revenues to local budgets, which is expressed in an increase in intergovernmental transfers. The real financial opportunities of local authorities are very limited, which, in turn, hinders the socio-economic development of the regions of Ukraine. Given this, the state of financial support of local budgets is an urgent issue that needs further study.<\/p>\n

Purpose<\/strong>. The purpose of this study is to deepen the theoretical aspects, improve methodological and practical recommendations for providing local government with budgetary resources.<\/p>\n

Results.<\/strong> Theoretical principles of financial support of local budgets are highlighted. The place of local budgets in the general budget system of Ukraine is given. The economic essence of the concept of “local budgets” is revealed. The classification of local budgets in accordance with current legislation is highlighted. The number of local budgets as of January 1, 2022 in Ukraine is given. The structure of revenues of local budgets of Ukraine is studied. The composition of local budget revenues of Ukraine in 2019-2021 is analyzed. It is proved that tax revenues occupy the largest share in the structure of local budget revenues. A dynamic and structural analysis of the composition of tax revenues of local budgets of Ukraine in 2019-2021. The composition of non-tax revenues of local budgets of Ukraine is studied. The current problems of formation and management of the financial base of local budgets of Ukraine are highlighted. Measures to stabilize the situation are given. The obtained results of the research can be implemented in the activities of state structures at the local level in terms of making adjustments to the financial support of local budgets.<\/p>\n

Conclusions<\/strong>. The conducted research testifies to the critical state of financial support of local authorities, which will negatively affect the implementation of the assigned tasks and powers of local self-government. This can be seen in the problems of local finance.<\/p>\n

Keywords:<\/strong> local budgets; decentralization; income; tax revenue; budget system.<\/p>\n

References:<\/strong><\/p>\n

    \n
  1. Ministry of Finance of Ukraine. Official web-site<\/em>. Retrieved from : https:\/\/mof.gov.ua\/uk<\/u> [in Ukrainian].<\/li>\n
  2. Verkhovna Rada of Ukraine (2010). Budget Code of Ukraine (Order No. 2456-VI, July 8). Retrieved from : https:\/\/zakon.rada.gov.ua\/laws\/show\/2456-17#Text <\/u>[in Ukrainian].<\/li>\n
  3. Order of the Ministry of Finance of Ukraine dated 06.01.2022 \u21161. Retrieved from : https:\/\/mof.gov.ua\/storage\/files\/%D0%9D%D0%B0%D0%BA%D0%B0%D0%B7%201.pdf [in Ukrainian].<\/li>\n
  4. Execution of local budgets 2019. State web portal of the budget for citizens. Open budget. Ministry of Finance of Ukraine. Retrieved from : https:\/\/openbudget.gov.ua\/?month=12&year=2019&budgetType=LOCAL [in Ukrainian].<\/li>\n
  5. Execution of local budgets 2020. State web portal of the budget for citizens. Open budget. Ministry of Finance of Ukraine. Retrieved from : https:\/\/openbudget.gov.ua\/?month=12&year=2020&budgetType=LOCAL [in Ukrainian].<\/li>\n
  6. Execution of local budgets 2021. State web portal of the budget for citizens. Open budget. Ministry of Finance of Ukraine. Retrieved from : https:\/\/openbudget.gov.ua\/?month=12&year=2021&budgetType=LOCAL [in Ukrainian].<\/li>\n
  7. Execution of local budgets 2022. State web portal of the budget for citizens. Open budget. Ministry of Finance of Ukraine. Retrieved from : https:\/\/openbudget.gov.ua\/local-budget?id=26000000000 [in Ukrainian].<\/li>\n
  8. Kyrylenko, O., Malyniak, B., Pysmennyi, V. & Rusin, V. (2015) Planning and management of financial resources of the territorial community. <\/em>Kyyiv : TOV PIDPRYYEMSTVO VI EN EY [in Ukrainian].<\/li>\n
  9. Zakhidna, O. R., Bednarchuk, V. V. & Mlintsova, O. (2020). Features of local budgets in terms of decentralization of the budget system of Ukraine. Economics, finance, law, <\/em>12. Retrieved from : http:\/\/efp.in.ua\/uk\/journal-article\/543<\/u> [in Ukrainian].<\/li>\n
  10. Tretiak, D. D. Local budgets in the financial support of socio-economic development of the regions of Ukraine. Mistsevi biudzhety u finansovomu zabezpechenni sotsialno-ekonomichnoho rozvytku rehioniv Ukrainy. Money, finance and credit. 2010<\/em> [in Ukrainian].<\/li>\n<\/ol>\n

    [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Received:<\/strong> 27 June 2022<\/p>\n

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    Smolinska S., Skidan U. (2022). State of financial support of local budgets. Modern Economics, 33(2022), 110-116. DOI: https:\/\/doi.org\/10.31521\/modecon.V33(2022)-14.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
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    [vc_row][vc_column][vc_column_text] JEL Classification: H 20; H 70; H 72. DOI: https:\/\/doi.org\/10.31521\/modecon.V33(2022)-14 [\/vc_column_text][vc_column_text]Smolinska Sofia, PhD (Economics), Associate Professor, Associate Professor of the Department of Financial Management, Ivan Franko National University of Lviv, Lviv, Ukraine ORCID ID: 0000-0002-7355-6988 e-mail: sdgnatkovich@ukr.net Skidan Ulyana, higher education seeker, Ivan Franko National University of Lviv, Lviv, Ukraine ORCID ID: 0000-0003-1378-0563 e-mail:
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