IMPACT OF THE RUSSIAN-UKRAINIAN WAR ON THE FINANCIAL AND BUDGETARY CAPACITY OF TERRITORIAL COMMUNITIES

Анотація

The article conducts a comprehensive analysis of the dynamics of budget revenues of territorial communities of Ukraine for the period of 2018–2024, taking into account the impact of fiscal decentralization reforms, amalgamation of communities and the full-scale invasion of the russian federation in 2022. Structural changes in local budget revenues, including tax and non-tax revenues, capital transactions, trust funds and official transfers from the central budget, have been studied. It has been established that the reform of the budget system and the amalgamation of territorial communities in 2020–2021 ensured record revenue growth in most regions of Ukraine, in particular Kharkiv, Kyiv, Lviv, Dnipro and Odesa, due to budget consolidation and more effective management of financial resources. At the same time, the impact of the COVID-19 pandemic in 2020 and the full-scale war in 2022–2024 caused a significant drop in revenues in the regions of hostilities and occupation, a decrease in the share of local budgets in the consolidated state budget, and an increased dependence on state transfers. To assess the dynamics of income, methods of comparative analysis, calculation of growth rates and deviations were used, as well as graphical and tabular models reflecting regional differences and time trends were built. Particular attention is paid to the impact of reforms on increasing the financial capacity of communities, the opportunities to increase revenues through tax revenues and capital transactions, as well as risks associated with external factors, including hostilities. The results of the study can be used to plan budget policy, develop strategies for financial stabilization of territorial communities and increase their autonomy in the post-war period. The article also emphasizes the importance of integrating local budget data with national financial strategic plans to achieve sustainable community development and effective management of public resources.

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