Податкові надходження як джерело фінансового забезпечення інвестиційного розвитку регіонів
Tax Revenues as a Source of Financial Support for the Investment Development of Regions

Summary/Abstract: The article examines the role of tax revenues in the financial support of investment development of regions. Particular attention is paid to the analysis of the impact of tax resources on strengthening the financial base of local budgets, improving infrastructure, supporting entrepreneurship and developing the social sphere. The study also covers legal, organizational, economic and social aspects that determine the effectiveness of using tax revenues for regional development. The study is based on an analysis of the dynamics of tax revenues to local budgets in Ukraine for 2023- 2024. Particular attention is paid to the analysis of trends in personal income tax revenues, which is one of the main sources of financing local budgets. The use of a single tax as a means of supporting small and mediumsized businesses, which contributes to the development of entrepreneurial activity at the local level, is also considered. Examples of the use of tax revenues to finance infrastructure projects, the development of transport and social infrastructure, and support for environmental initiatives in various regions of Ukraine are considered. The effectiveness of tax policy in different regions and its impact on investment attractiveness are analyzed. Comparing the experience of regions with different levels of tax revenues allows us to identify the best practices in managing tax resources. The study findings indicate that tax revenues are a key source of financial resources for the investment development of regions. A high level of tax revenues has a positive impact on economic growth, creates favorable conditions for entrepreneurial activity and improves the quality of life of the population. At the same time, excessive tax burden can restrain investment activity. Therefore, a balanced tax policy is important, which ensures the optimal level of taxation and effective use of tax resources for the sustainable development of regions.

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