Specificity of managing local budgets’ own revenues in the context of financial decentralization

Анотація

Introduction. Decentralization reform in Ukraine has been implemented since 2014. It aims at transferring some of the powers of central government to the communities. The reform of decentralization in the financial sphere should ensure the financial autonomy of territorial-administrative units. Therefore, the analysis of the main factors influencing the management of own revenues of local budgets is especially relevant. Research purpose is to investigate the specifics and features of managing the own revenues of local budgets of Ukraine under conditions of financial decentralization. Methods. Several research methods are used in the article. These are: comparative analysis – to rank own revenues of consolidated regional budgets by volume; factor analysis – to identify and select factors of influence on the formation of own revenues of local budgets; regression analysis – to formalize the influence of certain factors on the dynamics of own revenues of consolidated regional budgets. Results. It is proved that the basis of the community’s financial autonomy in the context of financial decentralization is provided by broad powers to manage the formation of its own revenues to its budget. It was established that in 2017 compared with 2014, own revenues of local budgets of Ukraine increased by 2.3 times, including as a result of financial decentralization. It is proved that, by decentralizing the management of own revenues of local budgets, central government bodies, expanding the financial powers of administrative-territorial units, should ensure the growth of citizens’ well-being, fairness in the regional distribution of incomes, and slowdown of labor immigration. Conclusions. The obtained results make it possible to form the basis for the development of the main scenarios of forecasting the financial autonomy of the local budgets of Ukraine in their regional context. Further scientific researches of the author will be devoted to it.

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