MANAGEMENT OF THE FINANCIAL FLOWS OF LOCAL BUDGETS IN UKRAINE IN THE CONTEXT OF DECENTRALIZATION
Abstract
Romenska K.M., Klokova L.O. MANAGEMENT OF THE FINANCIAL FLOWS OF LOCAL BUDGETS IN UKRAINE IN THE CONTEXT OF DECENTRALIZATION
Purpose. The development of theoretical positions and practical recommendations for improving the management of budget flows in the context of decentralization financial policy by adopting foreign experience in Ukraine.
Methodology of research. In the process of the research and for the purpose of the research the following methods were used: theoretical analysis of scientific literature and normative base, synthesis, generalization, equalization, constriction.
Findings. It was based that having examined the mechanism of the association of territorial communities and its consequences in Dnipropetrovsk region, it is determined that there are positive trends in the formation and directing of the financial flows of local budgets.
It was established that the united territorial communities received additional sums of money from the budget for financing the implementation of additional functions related to the decentralization of power, in particular: for the implementation of educational, medical, communal services reforms, enhancement of energy efficiency and so on. It has been determined that additional financial revenues will be spent on the development of a regional development to solve the most important issue - to ensure the integrity of the united territorial communities.
Originality. In this research emphasizes the directions about the areas of improvement of management of budget flows in the conditions of financial policy focused on the implementation of international standards and the adoption of the best practices of foreign experience in the context of European integration of Ukraine.
Practical value. It is determined that the basis of improving the efficiency of the management of financial flows is the main principles of budget policy, which are based on the principles of the structure of economic and social development of the state and regions, the bases of policy-making and foreign-economic activity.
Key words: financial flows; local budgets; decentralization; united territorial communities; financial capacity.
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References
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