The Budget System and Inter-budget Transfers in Ukraine

Анотація

The budget system is the leading element of public fi- nances and the structure of state is a determining factor in the formation of the budget system. In the unitary countries, which include Ukraine, the budget system unites two links: budget of central government and local budgets, otherwise in the federal states there is the third link: members of fed- eration’s budgets. Local governments are the largest element of the budget system in Ukraine (totally there were 12,052 independent local budgets to 01.12.2010), but now their number is reduced in the connection with the financial de- centralization and the creation of integrated communities. local governments are independent, and the main sources of revenues are own, fixed revenues and іnter-budget transfers. The main forms of іnter-budget transfers contain the basic subsidy, subvention, reversible subsidy, additional subsidies. Transfers are the most common tools of financial support to local budgets; that the volume of local budget revenues was sufficient to delegated and own powers, and to provide pub- lic services is not below the minimum of social guarantees.

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