BUSINESS INFORM №4-2016

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Section: Mechanisms of Regulation of the Economy
UDC 336.145.1:332.1(477)
Kulchytskyy M. I., Zabrotska O. V.
Decentralization as a Basis for Development of Regions and Improving the Financial Security of Territories (p. 88 - 95)
The article is aimed at studying decentralization (financial, political, administrative) as a prerequisite for improving the financial security of territories and the basis for the development of regions. The findings indicate that the region's development and financial support for the development of territories will depend on: identification and realization of the hidden and underestimated development potential of each region; development of infrastructure projects in the region; a contemporary framework for regional planning; regional development strategies for developing regions that will meet the State strategy for regional development for the period until 2020; ensuring effective interaction between the State bodies, local self-government bodies, private economic entities and institutions of civil society; raising the level of entrepreneurial initiative, use of business opportunities for territorial development, improving the investment attractiveness for implementing investment projects; increasing the activity of citizens; direct inter-budget relations with the State budget; opportunities for independent regulation of the local tax rates by the bodies of local self-government, as well as providing benefits for their payment; development of the public-private partnership.
Keywords: decentralization, competitive regions, inter-budgetary relations, financial support for territories, territorial alignment
Fig.: 2. Bibl.: 13.

Kulchytskyy Myroslav I. – Candidate of Sciences (Economics), Associate Professor, Professor, Department of Finance, Money Turnover and Credit, Ivan Franko National University of Lviv (1 Unіversytetska Str., Lvіv, 79001, Ukraine)
Email: [email protected]
Zabrotska Olena V. – Candidate of Sciences (Economics), Lecturer, Department of Economic Policy and Labour Economics, Lviv Regional Institute of Public Administration of National Academy of Public Administration under the Office of the President of Ukraine (16 Sukhomlynskoho Str., Lvіv-Bryukhovychі, 79491, Ukraine)
Email: [email protected]

Article is written in Ukrainian
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Reference to this article:
Kulchytskyy, Myroslav I., and Zabrotska, Olena V. (2016) “Decentralization as a Basis for Development of Regions and Improving the Financial Security of Territories.” Business Inform 4:88–95.

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