BUSINESS INFORM №6-2017

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Section: Regional Economy
UDC 332.142.4
Kovalenko S. O., Masterenko Y. I.
The Local Budgets in a Decentralized Environment (p. 45 - 49)
The article considers the problems of strengthening the financial autonomy of local budgets in the current context of implementing the reform of decentralization of power. Status of economic development and the income level of population in the regions of Ukraine has been analyzed, characteristics of decentralization, as well as its preliminary outcome, have been described. Attention is focused on positive points in the development of regions in which the united territorial communities have been formed. It has been proposed to raise the mass awareness of population in the regions of Ukraine about the substance of the reform and its objectives, to establish a body of financial control for local councils, and to arrange computer monitoring of the flow of financial resources of the territorial communities along with periodic coverage of its results in the local media in order to increase the transparency of costs management.
Keywords: decentralization, local budgets, united territorial communities, local government bodies.
Fig.: 1. Bibl.: 10.

Kovalenko Svitlana O. – Candidate of Sciences (Economics), Associate Professor, Department of Public Finance, Kharkiv Institute of Finance of the Kyiv National University of Trade and Economics (5 Pletnovskyi Lane, Kharkіv, 61003, Ukraine)
Email: [email protected]
Masterenko Yuliya I. – Masters Student, Kharkiv Institute of Finance of the Kyiv National University of Trade and Economics (5 Pletnovskyi Lane, Kharkіv, 61003, Ukraine)

Article is written in Ukrainian
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Reference to this article:
Kovalenko, Svitlana O., and Masterenko, Yuliya I. (2017) “The Local Budgets in a Decentralized Environment.” Business Inform 6:45–49.

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