СЕРЕДНЬОСТРОКОВЕ БЮДЖЕТНЕ ПЛАНУВАННЯ В ТЕРИТОРІАЛЬНИХ ГРОМАДАХ
MEDIUM-TERM BUDGET PLANNING IN THE UNITED TERRITORIAL COMMUNITIES

Summary/Abstract: Subject. The process of medium-term budget planning using the «Local Budget» software in Territorial Communities (TCs) to ensure rational planning and use of local budget funds. Purpose. The purpose of the work is to substantiate the importance of medium-term budget planning to ensure sustainable economic and social development of the TC in the conditions of intensification of automation processes using special software. Methodology. During the study, evolutionary (while studying the evolution of medium-term budget planning implementation) and systemic (in the process of studying the medium-term budget planning algorithm at the local level) approaches were used, as well as the main methods of visualization of research results. The «Local Budget» software package was used. Results. The study is devoted to consideration of the medium-term budget planning algorithm in united territorial communities. A clear sequence of actions during the justification of the expediency of using the financial resources of the community budgets determines the accelerated development of TC. Planning income and expenses for the medium-term period makes it possible to study potential directions for increasing income part and more effective directions for using financial resources. Annual adjustment allows for reducing or making it impossible to spend ineffectively financial resources. Automation of medium-term budget planning is an important step towards compliance with the European principles of financial provision of the needs and interests of citizens. Practical implications. The results of the research can be used in such areas of scientific knowledge as finance, money and credit, pedagogy, and the economic and social sphere, which allows us to identify the priority directions of financial support for the population's standard of living in TC. Conclusions. Medium-term budget planning at the level of the local community is an important and necessary process that allows for a comprehensive approach during the rational use of limited financial resources for the medium-term period to meet the needs and interests of every member of the community. The chief managers of funds, thanks to local target development programs, control the process of performance indicators, which are an integral part of the budget process. Medium-term planning is carried out for the planned and two following budget periods. We remember that in the process of implementing medium-term budget planning, an annual cut of all local target programs of social and economic development of the TC is carried out to control the level of reasonableness of the calculation of budget resources for the medium-term perspective. High-quality medium-term budget planning ensures the fact of using the IPC «Local Budget» at the level of local financial institutions.

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