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Formation of the Revenue Side of Local Budgets under the Conditions of Decentralization
Karpenko M. Y.

Karpenko, Maksym Yu. (2024) “Formation of the Revenue Side of Local Budgets under the Conditions of Decentralization.” Business Inform 9:373–383.
https://doi.org/10.32983/2222-4459-2024-9-373-383

Section: Finance, Money Circulation and Credit

Article is written in Ukrainian
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UDC 336.14:352

Abstract:
The article is aimed at determining the features of the formation of the revenue part of local budgets of Ukraine in the context of decentralization and the development of provisions for increasing the financial capacity of local self-government. The dynamics and structure of local budget revenues as a structural element of the financial space of Ukraine in the period 2005–2023 are studied. It is found that the most significant groups in the revenues of local budgets were tax revenues and transfers, at the same time, during the analyzed period, there was a trend of increasing the fiscal significance of the tax component, which ensured the systematic formation of financially viable territorial communities. The need to optimize the application of the mechanism for distributing taxes of national importance between different levels of the budget system, as well as to revise conceptual approaches to the use of interbudgetary transfers as a financial instrument of socioeconomic equalization, is substantiated. The structure of tax revenues of local budgets is analyzed, the reasons for the strengthening of the fiscal significance of the actual group of local taxes and fees in their composition are examined. On the basis of a comparative analysis of approaches to taxation of private income, the need to apply a proportional scale of personal income tax in Ukraine is substantiated. The necessity and expediency of strengthening the fiscal significance of property taxation is emphasized, the causes and consequences of including land payments in the number of local taxes are analyzed. The author reveals the institutional features of the collection of a single tax and its potential in the post-crisis period to support business initiatives, increase the efficiency of social production, and enhance social guarantees and standards. The issues of further expanding the powers of local self-government bodies in the field of property tax administration, filling in the registers of the tax base, sending tax notifications-decisions, providing advisory support to taxpayers and work in the field of tax debt management are highlighted.

Keywords: local budgets, local budget revenues, transfers, tax revenues, local taxes and fees, budget decentralization.

Fig.: 1. Tabl.: 2. Bibl.: 19.

Karpenko Maksym Yu. – Postgraduate Student, Department of Finance, State University of Trade and Economics (19 Kіoto Str., Kyiv, 02156, Ukraine)
Email: [email protected]

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