scholarly journals Assessment of the level of local budget financial decentralization: Case of Ukraine

2020 ◽  
Vol 9 (1) ◽  
pp. 34-47
Author(s):  
Nadiya Dekhtyar ◽  
Katarina Valaskova ◽  
Olga Deyneka ◽  
Nataliya Pihul
Keyword(s):  
Economic Development ◽  
Local Governments ◽  
Local Level ◽  
Methodological Approach ◽  
Integrated Index ◽  
Self Sufficiency ◽  
Socio Economic Development ◽  
Local Budget ◽  
The Impact ◽  
Budget Execution

Further improvement of financial relations at the local level and the development of local budgets take place in the context of financial decentralization. This implies strengthening the role of local governments in attracting necessary financial resources to ensure socio-economic development of territories. The purpose of this paper is to identify the impact of decentralization on the state of local budgets and to develop a scientific and methodological approach to assessing the level of financial decentralization of local budgets using the example of Ukraine for 2010–2019. The developed methodology consists of six successive stages. A comparative analysis of the dynamics of indicators of local budget execution in Ukraine in terms of revenues, expenditures and transfers using an integrated index obtained through taxonomic analysis is conducted. As a result of evaluating the effectiveness of the basic principles of financial decentralization, the expediency of calculating the integrated index of local budget financial decentralization is substantiated. This index is formed using intermediate indicators of autonomy to cover expenses and generate income both on the basis of own sources and taking into account the received state transfers for the implementation of their own and delegated powers of local governments. The implementation of the proposed method allow one to assess the levels of financial decentralization of local budgets to establish the degree of financial autonomy and financial self-sufficiency of the territories. The results obtained should be considered when determining the effectiveness of financial support for local budgets in the process of socio-economic development of regions.

scholarly journals BUDGET POLICY TO STIMULATE SOCIO-ECONOMIC DEVELOPMENT OF REGIONS

2020 ◽  
Author(s):  
Yurii Radionov ◽  
Keyword(s):  
Quality Of Life ◽  
Economic Development ◽  
Local Governments ◽  
Local Level ◽  
Policy Instruments ◽  
Conceptual Apparatus ◽  
Socio Economic Development ◽  
Budget Policy ◽  
Local Budget

The system of regional development and the conceptual apparatus of the term “region” are analyzed. Modern problems of local budgets are revealed. The focus is on the low level of financial capacity of local budgets, which affects the state of solving current socio-economic problems, as well as the independence of local governments. At the same time, there are examples of inefficient use of budget funds, which are allowed by budget managers at the local level, which negatively affects the achievement of priority goals of socio-economic development of territories. Attention is focused on the need to improve the quality of management of managers and recipients of budget funds, including the use of program-targeted budgeting method. Emphasis was placed on the need to expand the tax capacity of the regions in filling local budget revenues. Emphasis is placed on the expediency of better use of budget policy instruments in improving the effectiveness of budget expenditures, ensuring sustainable dynamics of socio-economic development of regions, which will improve the level and quality of life.

scholarly journals Innovative development of the regions: cooperation between enterprises and state institutions

2019 ◽  
pp. 354-365 ◽  
Author(s):  
Nataliya Tyukhtenko ◽  
Serhii Makarenko ◽  
Nataliia Oliinyk ◽  
Krzysztof Gluc ◽  
Edwin Portugal ◽  
...  
Keyword(s):  
Economic Development ◽  
State Policy ◽  
Local Governments ◽  
Economic Security ◽  
Industrial Parks ◽  
Socio Economic Development ◽  
Close Relationship ◽  
State And Local ◽  
Regional Product ◽  
The Impact

In the conditions of limited sources of financing for the introduction of advanced innovative technologies and equipment modernization, to retain the existing positions and increase the overall level of competitiveness can only the company that establishes a close relationship with government bodies, local governments and trade union organizations with the aim of obtaining possible preferences for development within the existing regulatory right field. The purpose of the article is to analyze the main socio-economic indicators of the development of Ukraine and its regions, the definition and justification of possible areas of establishing interaction between private enterprises and government agencies. The methodological basis of the study consisted of scientific works of domestic and foreign scientists and leading specialists, statistical and analytical materials of state authorities. The results are obtained through the use of such methods as expert – to identify the impact of qualitative and quantitative indicators on the socio-economic development of the Kherson region; economics and mathematics – to study the influence of a defined group of indicators on the index of the physical volume of the gross regional product; abstract-logical – for a theoretical synthesis and formulation of conclusions. It is revealed that among the key areas of interaction is the promotion of the state and local authorities in the creation of industrial parks. The conducted research on identifying the strengths and weaknesses, opportunities and threats of the economy of the Kherson region indicates the need to develop measures to ensure the economic security of the region. To solve these problems at the regional level, it is proposed to implement a state policy that would be carried out in the following areas: ensuring a solid institutional protection of investor's property rights; improvement of the legislative framework; establishing an effective mechanism for combating corruption in Ukraine, developing an effective state policy on amnesty and unshadowing of incomes of individuals and legal entities. Keywords: socio-economic development, management, innovation, industrial park, competitiveness, foreign investment, amnesty of capital.

scholarly journals FEATURES OF ASSESSMENT AND FORECASTING OF SOCIO-ECONOMIC DEVELOPMENT OF REGIONS IN UKRAINE

2020 ◽  
Vol 6 (5) ◽  
pp. 129-136
Author(s):  
Serhii Makarenko ◽  
Nataliia Oliinyk ◽  
Tetiana Kazakova
Keyword(s):  
Economic Development ◽  
Methodological Approach ◽  
Vulnerable Population ◽  
Current Crisis ◽  
The Real ◽  
Socio Economic Development ◽  
State And Local ◽  
State Of Affairs ◽  
The Impact ◽  
Real State

The purpose of the article is to carry out an analysis and improvement of the methodological approach for estimating and forecasting socio-economic devel-opment of regions. The methodological basis of the study consisted of scientific works of domestic and foreign scientists and leading specialists, statistical and analytical materials of state authorities. The results are obtained through the use of such methods as: expert – to identify the impact of qualitative and quantitative indicators on the socio-economic development of the region; economicmathematical analysis – to study the influence of a defined group of indicators on the level of development of the region; abstract-logical – for a theoretical synthesis and formulation of conclusions. The results of the study suggest that the introduction of a sound scientific and methodological approach to assessing and forecasting the level of development of the country and regions in particular will allow not only to identify problem areas in the development of the respective territories, but also to get the potential investor reliable information about the real state of affairs and to determine the justification of further investment in the activity of the research object. Using an unjustified scientific and methodological approach not only can distort the real state of affairs in the regions and the country in general, but also send limited financial resources of the State and local budgets in the conditions of the crisis to improve the indicators that have a minor impact on the development of the economy. It is proved that in current crisis conditions, the functioning of the national economy, state authorities should implement a more effective discretionary fiscal policy aimed at reducing the tax burden in the formation of the wage fund of the socially vulnerable population. The errors, ob-tained during misuse of information technologies in the assessment of socio-economic development of regions are revealed. The scientific and methodological approach to determining the coefficient of competence of experts and the value of 1 point of qualification competences during the construction of forecast scenarios and the development of regional economic development programs using intuitive fore-casting methods has been improved. Proposals for improving the system of taxation of the socially vulnerable population are developed.

scholarly journals The role of expenditures of local budgets of Ukraine in ensuring socio-economic development of the regions

2021 ◽  
pp. 52
Author(s):  
Svitlana Savchuk ◽  
Antonina Demianiuk ◽  
Myroslava Hupalovska
Keyword(s):  
Economic Development ◽  
Local Level ◽  
Social Orientation ◽  
Level Increase ◽  
Social And Economic Development ◽  
Socio Economic Development ◽  
Analysis And Synthesis ◽  
Important Means ◽  
Local Budget

Introduction. Current trends in the growth of demand for public goods at the local level increase the expenditures of local budgets for their financial support. Transformation processes in Ukraine to increase the role of local budgets necessitate a clear distribution of sources of tax revenues between the levels of the budget system in direct proportion to the financing of local budgets and the introduction of an effective mechanism for effective financing of local budgets through ensuring the socio-economic development of regions.The purpose of the research is to substantiate the scientific and practical basis of   the role of expenditures of local budgets of Ukraine in ensuring the socio-economic development of regions.Research methods are based on the dialectical method of scientific knowledge and a systematic approach to the study of local budget expenditures of Ukraine in terms of budget decentralization using methods of scientific abstractions and analogies, analysis and synthesis, economic and statistical analysis to study the role of local budget expenditures in ensuring socio-economic development of the regions.Results. The directions of activity of local authorities in the context of regulation of social and economic development of regions are considered and defined. The system of indicators according to which the monitoring of socio-economic development of regions is carried out is researched. Expenditures of local budgets of Ukraine of social orientation and expenditures on economic activity in the context of determining their impact on the socio-economic development of the regions are analyzed. The role of regional target programs as an important means of effective application of program-targeted budgeting is determined. The directions of growth of influence of expenses of local budgets in definition and maintenance of priorities of social and economic development of regions are outlined. Prospects. Further research is important to focus on increasing the efficiency of expenditure of local budgets in the context of ensuring the socio-economic development of the regions.

scholarly journals Growth of investments as a condition for increasing energy efficiency of the Irkutsk region’s economy

2018 ◽  
Vol 212 ◽  
pp. 08013
Author(s):  
Boris Saneev ◽  
Alexandr Sokolov ◽  
Svetlana Muzychuk
Keyword(s):  
Energy Efficiency ◽  
Economic Development ◽  
Methodological Approach ◽  
Developed Countries ◽  
High Energy ◽  
Increase Energy Efficiency ◽  
Irkutsk Region ◽  
Socio Economic Development ◽  
The Impact ◽  
Efficiency Indicators

The energy efficiency of the Russian economy lags far behind the developed countries of the world that worsens its socio-economic development. To increase energy efficiency, it is necessary to introduce innovative solutions that require large investments. The object of the research is the economy of the Irkutsk region that energy efficiency growth, being the most important priority of socio-economic development, is of particular relevance due to its high energy intensity. The purpose of the study is to perform an energy-economic analysis of the Irkutsk region, and to determine the impact of investment on the energy efficiency growth. The methodological approach developed by the authors and used in this research is based on the balance and statistical methods. In course of the research, retrospective fuel and energy balances (FEB) of the Irkutsk region have been developed, and the energy efficiency indicators have been calculated on their basis. The main directions for the fuller use of the fuel and energy resources (FER) have been identified, the implementation of which will significantly increase the energy efficiency indicators. It will require an increase in investments in the fuel and energy complex (FEC) by 1.7-2 times by 2030 as compared to 2016.

scholarly journals Formation of Indicators for Assessing the Effectiveness of the Use of Human Capital in the Food Industry

2021 ◽  
pp. 529-537
Author(s):  
Irina Skobliakova ◽  
Svetlana Efremova
Keyword(s):  
Human Capital ◽  
Economic Development ◽  
Production Process ◽  
Financial Reporting ◽  
Food Industry ◽  
Methodological Approach ◽  
Objective Assessment ◽  
Socio Economic Development ◽  
Capital Development ◽  
The Impact

Introduction. No standard methodological approach has yet been developed for an objective assessment of the value of the human resource from the position of its effect on the results of the related industry. Food industry is a strategically important branch of the National Economy. It has its specific requirements for labor resources, which can be used as indicators of their effective use in the production process. The on-going transformation of the food industry structure requires customization of such indicators. The present research objective was to form a group of indicators to assess the efficiency of the use of human capital in food industry. Study objects and methods. Food industry ensures domestic food security and provides the rational use of all resources in the production process. The research featured indicators of human capital assessment adopted in international financial reporting, as well as methods of statistical and mathematical data analysis. Results and discussion. The present article introduces a new methodological approach to determine the impact of human capital on the socio-economic efficiency of a food industry enterprise. The calculation of the integrated human capital index was based on statistical indicators of demand and the intellectual component in the industry, e.g. indices of employment, education, and industrial production. According to the proposed approach, the indicative function was performed by an integrated indicator of socio-economic development, which included indices reduced to a comparable form. The indices reflected the ecological, economic, and social efficiency of food production. The method was tested at a local cereal-producing company. An average increase in costs for the development of human capital by 1% increased the indicators of the socio-economic development from 4 to 5%. The objectivity of the assessment depended on the provision of a given level of human capital development and the choice of target criteria for the development of the food industry. Conclusion. The proposed method can facilitate labor management decisions in food industry. The list of indicators can be expanded in accordance with the objectives and installations of scientific research.

Transformation of the economy of Ukrainian cities of regional significance: efficiency of the impact on the socio-economic developmen

2021 ◽  
Vol 92 (1) ◽  
pp. 61-74
Author(s):  
Mariana Melnyk ◽  
Iryna Leshchukh
Keyword(s):  
Economic Development ◽  
Capital Investment ◽  
Industrial Development ◽  
Structural Changes ◽  
Methodological Approach ◽  
Direct Foreign Investment ◽  
Strong Impact ◽  
Socio Economic Development ◽  
Regional Product ◽  
The Impact

The paper proposes a methodological approach to evaluating the impact of the transformation taking place in the economies of cities of regional significance (CRSs) on the socio-economic development of regions (oblasts). The analysis is conducted for cities of regional significance in the western part of Ukraine. The article emphasizes the asymmetry of regional socio-economic development as a result of the concentration of business activity and capital in the CRSs, a higher level of reception of growing direct foreign investment in the economies of CRSs compared to capital investment; a strong impact of structural changes in the economies of CRS on the Gross Regional Product (GRP). The authors found that the development of most CRSs was based on industrial production. Only half of the oblasts in Western Ukraine analyzed in the study showed evidence indicating that economies of their CRSs are undergoing a transformation towards service economy (which should correspond to the post-industrial development of the country).

scholarly journals Development of the Subarctic Territories: Technologies and Socio-Economic Innovations

2019 ◽  
Vol 8 (6) ◽  
pp. 5287-5291
Keyword(s):  
Economic Development ◽  
Methodological Approach ◽  
National Development ◽  
Public Institutions ◽  
Socio Economic Development ◽  
Formal And Informal Institutions ◽  
Northern Regions ◽  
Institutional Actors ◽  
The Impact ◽  
Working Out

At present, the socio-economic development of the subarctic territories is of primary importance, since they ensure security and stability of the national development. It is necessary to solve a complex task related to reforming the activities of public institutions that ensure stable development of the northern regions. To do this, the authors have performed the research aimed at deepening the knowledge of the functioning of formal and informal institutions, studying the characteristics of their interaction and influence on the development of the territories. The purpose of the study is to develop a methodological approach in order to assess the impact of institutional actors on the socio-economic development of the subarctic territories. This approach includes the analysis of the functions of institutions, identification of their incentive and disincentive effects, structuring parameters and indicators for each institution and working out of solutions aimed at the development of the region. The results of the study assessing the impact of institutions on the socio-economic development of the territory can be used by the authorities of the subarctic territories to address priority issues of regional development

scholarly journals Local Taxes Efficiency in the Context of Regional Socio-Economic Development

2021 ◽  
Vol 2021 (2) ◽  
pp. 66-75
Author(s):  
Yaryna V. Samusevych ◽  
Yuliia O. Sergienko ◽  
Bhola Khan
Keyword(s):  
Economic Development ◽  
Regional Development ◽  
Local Governments ◽  
Panel Data Analysis ◽  
Ordinary Least Squares ◽  
Regression Equations ◽  
Local Taxes ◽  
Tax Revenues ◽  
Socio Economic Development ◽  
The Impact

Development of regions is one of the priority areas of state regional policy, which purpose is to create appropriate conditions for dynamic, balanced socio-economic development of Ukraine and regions, improving living standards, ensuring compliance with state-guaranteed social protection for each citizen and elimination of main regional imbalances. Ensuring competitiveness and socio-economic development of regions is a prerequisite for growth in the local and national economies. The impact of increasing the financial autonomy of local governments primarily depends on their financial provision. One of the primary sources of local revenues is local taxes and fees, which enhance the efficiency of using budget instruments for the socio-economic development of administrative units. The main contribution of the research lies in the testing of the hypothesis of existing relationship processes between local taxes and indicators of regional development based on panel data analysis for all regions of Ukraine using the regression model in Stata SE and MS Excel. The research period covers 2018–2020. The dataset includes parameters of local tax revenues and indicators of regional development. To substantiate the role of local taxes in regional development, a set of hypotheses about the relationships between local tax revenues and regional development dynamics were specified. In the process of calculations, 18 regression equations (ordinary least squares panel regression method) were created, which allow estimating the impact of local taxes on the general indicators of regional development. Calculations results proved that local taxes have a significant positive effect on ensuring the growth in regional social and economic development indicators. This creates a background for enhancing the financial capacity of local budgets due to the improvements in the local tax system.

scholarly journals 5.4. GROWTH RESERVES OF LOCAL BUDGET REVENUES

2021 ◽  
pp. 93-99
Author(s):  
М.Е. Косов
Keyword(s):  
Economic Development ◽  
Russian Federation ◽  
Local Governments ◽  
Current Trends ◽  
Revenue Sources ◽  
Socio Economic Development ◽  
The Russian Federation ◽  
State And Local ◽  
Local Budget ◽  
The Moment

Доходы бюджетов публично-правовых образований являются финансовой основой, обеспечивающей органы государственной власти и местного самоуправления денежными средствами для организации всестороннего развития субъектов Российской Федерации, муниципальных образований и государства в целом. Однако на сегодняшний момент имеющихся у местных бюджетов доходных источников недостаточно для полного выполнения возложенных на них задач. Для решения выявленных проблем нужен обоснованный комплекс действенных предложений, учитывающих современные тенденции социально-экономического развития РФ и зарубежный опыт. Budget revenues of public legal entities are the financial basis that provides state and local governments with funds for the organization of comprehensive subjects’ development of the Russian Federation, municipalities and the state as a whole. However, at the moment, the revenue sources available to local budgets are not enough to fulfill the tasks assigned to them. To solve the identified problems, we need a justified set of effective proposals that take into account current trends in the socio-economic development of the Russian Federation and foreign experience.

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