Бюджетна політика в умовах трансформації фінансових основ місцевого самоврядування в Україні
Budgetary policy in terms of local self-government financial basis transformation in Ukraine

Summary/Abstract: In recent years the problem of local finances management in Ukraine has been in focus of economic discussions due to an imperfect system of administrative-territorial structure, an excessive degree of the budgetary funds centralization, an opacity of the principle of subventions separation in the regional section, a limited access of local budgets to borrowing market, an absence of unified standards of public services and their evaluation criteria, an instability of own revenue sources of local budgets. In order to solve these problems it is important to take measures for the timely implementation of reforms, the main contents of which are budgetary decentralization and decentralization of power executive functions. To improve Ukraine's budgetary policy of regional development, we have analyzed and evaluated key areas of the fiscal reform implementation, the reform of local self-government and the territorial organization of power in Ukraine. Results. The conducted detailed analysis of fiscal innovations and the first steps of the administrative and territorial reform realization in Ukraine testified: a) expediency and timeliness of local self-government financial foundations reforming; b) controversial issues that require further discussion, i.e. redistribution of environmental and single tax and consolidation of local budgets’ stable financial sources (PIT and Income Tax) which does not minimize dependence on transfers from the State Budget. The formula for calculating the index of local budgets' tax capacity needs improvement as Ukrainian regions were not fully able to solve the problems of previous years with treasury services. Introduction of health and education subventions provides covering of only current expenditures for the budgetary institutions and, therefore, a level of social spending decreases. Conclusions. As a result of the conducted study, the author has proved a necessity of updating the existing approaches to budgetary provision of regional development and outlined the ways of its improvement.

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