{"id":8762,"date":"2017-11-15T13:50:51","date_gmt":"2017-11-15T11:50:51","guid":{"rendered":"https:\/\/modecon.mnau.edu.ua\/?p=8762"},"modified":"2017-11-24T16:45:43","modified_gmt":"2017-11-24T14:45:43","slug":"formation-of-income-of-local-budgets","status":"publish","type":"post","link":"https:\/\/modecon.mnau.edu.ua\/en\/formation-of-income-of-local-budgets\/","title":{"rendered":"Litvak Andriy, Shyshpanova Nataliia, FORMATION OF INCOME OF LOCAL BUDGETS IN FINANCIAL INSTABILITY CONDITIONS"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text]JEL Classification<\/strong>: H7; H72<\/p>\n

Litvak <\/strong>Andriy<\/strong>, applicant higher education accounting and finance faculty, Mykolaiv national agrarian university, Mykolaiv, Ukraine<\/p>\n

Shyshpanova Nataliia, <\/strong>Candidate of Economics Sciences, Assistant Professor, Department of Finance, Banking and Insurance, Mykolaiv national agrarian university, Mykolayiv, Ukraine<\/p>\n

FORMATION OF INCOME OF LOCAL BUDGETS IN FINANCIAL INSTABILITY CONDITIONS<\/strong><\/p>\n

Introduction. <\/strong>In today’s conditions of socio-economic development of the state, local budgets are one of the key sources for meeting the needs of society. Most of the state-directed expenditures on social development are financed from local budgets. That is why the revenues of local budgets are a decisive component of regional development. Providing local budgets with financial resources increases the ability of local authorities to meet the needs of the population. Financial and economic relations of local self-government bodies, arising from accumulation of funds to local budgets and provision of public services to citizens, require careful study to ensure the sustainable development of territorial communities and socio-economic development of the country as a whole.<\/em><\/p>\n

The purpose of the paper is to analyze the revenues formation of local budgets, their composition and structure, as well as substantiation of directions for strengthening the resource base of local self-government bodies and development of local finances.<\/em><\/p>\n

Results.<\/strong> This article examines aspects of local budgets formation, examines the main components of the revenue side in local budgets. Changes in the structure of types of tax and non-tax revenues, as well as income from operations with capital are analyzed. The system of intergovernmental regulation in the system of formation of incomes in local budgets is considered. It is proved by way of example that all reflected data on the increase of autonomy, autonomy and independence of local budgets when filling out and using budget resources in connection with the socio-economic development of the regions.<\/em><\/p>\n

Conclusions.<\/strong> Thus, the system of obtaining income from local budgets is a combination of forms and means of mobilizing revenues to local budgets, as well as relations arising in the process of organizing a system of financing local budgets between management bodies, economic entities and citizens, which is the economic essence of the system. The bodies of state power, local self-government bodies, citizens, associations of local self-government bodies, budgetary institutions, public non-profit organizations and the private sector serve as subjects of the system of formation of incomes of local budgets.<\/em><\/p>\n

The structure of revenues of local budgets in Ukraine is represented by: tax revenues: personal income tax; corporate profit tax (only for regional budgets), excise tax on retail sale of excisable goods; single tax for small business entities; property tax; non-tax revenues (own receipts of local budget institutions, administrative fees and payments, revenues from non-profit economic activities, income from property and entrepreneurship, other non-tax revenues); income from operations with capital; transfers to local budgets.<\/em><\/p>\n

Keywords:<\/strong> local budget, decentralization, revenues, local taxes and fees, non-tax and tax revenues.<\/em><\/p>\n

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

    \n
  1. Ataeva,\u00a0A. (2017), \u201cProblems and directions of improvement of municipal finances after the reform of local self-government\u201d, available at: www.econorus.org\/consp\/files\/a274.doc (Accessed 15 October 2017).<\/li>\n
  2. Golinska, O.V. (2014), Pro mistsevi byudzhety \u2013 lyuds\u02b9koyu movoyu: Metodychnyy posibnyk<\/em> [About local budgets \u2013 in human language: Methodical manual], Mykolayiv, Ukraine.<\/li>\n
  3. European Charter of Local Self-Government: International document of 15 July. (1997), \u201cThe Charter was ratified by Law\u201d, available at: http:\/\/zakon2.rada.gov.ua\/laws\/show\/994_036 (Accessed 15 October 2017).<\/li>\n
  4. Zubenko, V. V. Samchyns’ka, I. V. and Rudyk, A. Yu. (2017) Biudzhetnyj monitorynh: Analiz vykonannia biudzhetu za 2015-17 rik<\/em> [Budget Monitoring: An Analysis of Budget Execution for 2015-17], USAID<\/em>, Kyiv, Ukraine, available at: http:\/\/www.ibser.org.ua\/publications\/monitoringcategories\/kvartalnyy (Accessed 15 October 2017).<\/li>\n
  5. Kirilenko, O. P. (2011), \u201cThe income base of local budgets in the context of reforming the budget and tax system\u201d, Vector<\/em>, pp. 6\u201310.<\/li>\n
  6. Ministry of Finance of Ukraine (2017), \u201cImplementation of local budget revenues for 2017\u201d, available at: http:\/\/www.minfin.gov.ua\/news (Accessed 15 October 2017).<\/li>\n
  7. Ministry of Finance of Ukraine (2017), \u201cLocal budgets\u201d, available at: http:\/\/www.minfin.gov.ua\/news\/bjudzhet\/local-budg (Accessed 15 October 2017).<\/li>\n
  8. Pavlyuk, A. P. (2015), \u201cProvision of a systematic approach to the reform of the administrative-territorial organization of Ukraine\u201d, available at: http:\/\/www.niss.gov.ua\/public\/File\/2015_analit\/reformATU.pdf (Accessed 15 October 2017).<\/li>\n
  9. On approval of the State Strategy for Regional Development for the period up to 2020 (2014), \u201cResolution of the Cabinet of Ministers of Ukraine\u201d, available at: http:\/\/zakon4.rada.gov.ua\/laws\/show\/385-2014-%D0%BF (Accessed 15 October 2017).<\/li>\n<\/ol>\n
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    [vc_row][vc_column][vc_column_text]JEL Classification: H7; H72 Litvak Andriy, applicant higher education accounting and finance faculty, Mykolaiv national agrarian university, Mykolaiv, Ukraine Shyshpanova Nataliia, Candidate of Economics Sciences, Assistant Professor, Department of Finance, Banking and Insurance, Mykolaiv national agrarian university, Mykolayiv, Ukraine FORMATION OF INCOME OF LOCAL BUDGETS IN FINANCIAL INSTABILITY CONDITIONS Introduction. In today’s conditions of socio-economic
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