The Role of Official Transfers in Generating Revenues of Local Budgets in Ukraine

Анотація

A peculiar feature of the budgetary relations in Ukraine is large and increasing share of official transfers in local budgets revenues (52% in 2013). The study aims to analyze the impact of official transfers on local budgets’ revenues in Ukraine using the official statistical data on official transfers, by transfer category (2010–2014), share of local budgets revenues in the Ukrainian GDP, share of official transfers in the central budget (1996–2014). The study shows upwards tendency regarding nearly all the category of official transfers, which is an indication of their heavy impact on local budgets revenues in Ukraine compared with local tax revenues. The period under study features the stably increasing share of official transfers in the central budget and high volatility of the share of local budgets in the Ukrainian GDP with the overall upward trend. Basically, the results give evidence on high level of centralization of the budgetary system in Ukraine with the accordingly high dependence of local budgets on the central budget, entailing high financial dependence of local administration bodies in Ukraine.

Класифікація

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