Financial self-sufficiency of local budgets in the context of realization of financial decentralization reform

The article highlights the current state of the formation of local budgets in the context of decentralization of financial resources, taking into account the changes made to the budget and tax legislation, the analysis of the revenue and expenditure parts of the local budget is carried out. On the basis of the study, the problems and ways of strengthening the financial base of local self-government bodies have been identified. The main tasks of budget decentralization have been formulated. The sources of filling and problems in the field of formation of local budgets in Ukraine are indicated. According to the Strategic Action Plan of the Ministry of Finance of Ukraine for 2018–2021. the key priorities of Ukraine in the field of public finance management are the efficient execution of budgets and the optimization of resource allocation between the levels of the budgetary system. The fulfillment of these tasks is also the focus of the reform of financial decentralization, which began in Ukraine in 2015 and is aimed at strengthening the financial self-sufficiency of territorial communities. Over the first five years of the implementation of this reform, the share of local bud gets in the consolidated budget of Ukraine has increased from 18.5 % in 2015 to 23.3 % as of June 1, 2020, the share of local budgets' own revenues in GDP – from 5, 1 % to 6.7 % over the same period. However, despite certain positive developments, local budgets are still more than 46 % dependent on transfers from the state budget, which indicates the need for further transformation of the local finance system aimed at strengthening the independence and financial self-sufficiency of local budgets. At the same time, the revealed patterns also indicate the existence of problematic aspects in the formation of the revenue side of local budgets, which actualizes the need to revise the structure of local taxes and fees, as well as the powers of local governments in the field of their appointment, increase deductions from national taxes and fees to local budgets., and, at the same time, popularization of local borrowing and carrying out mass explanatory work on the organizational aspects of this process and optimizing the use of borrowed funds. These measures will increase the level of concentration of funds in local budgets and, accordingly, balance the processes of decentralization of income and expenditure, turning territorial communities into more independent and autonomous participants in budgetary and economic relations.

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Attaining Self-sufficiency in Edible Oils: Need for Strategic Action Plan

FIIB Business Review ◽

10.1177/2455265820150403 ◽

2015 ◽

Vol 4 (4) ◽

pp. 21-29

Author(s):

Gopal K Kalkoti

Keyword(s):

Edible Oils ◽

Action Plan ◽

Strategic Action ◽

Self Sufficiency

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DELEGATION OF POWERS BETWEEN PUBLIC AUTHORITIES: MODERN INSTRUMENTS

Electronic scientific publication Public Administration and National Security ◽

10.25313/2617-572x-2021-5-7640 ◽

2018 ◽

Author(s):

Anna Munko ◽

Keyword(s):

Local Governments ◽

Government Officials ◽

State Budget ◽

Public Authorities ◽

Foreign Experience ◽

Self Sufficiency ◽

Management Processes ◽

Local Budget ◽

Delegation Of Powers

The article is devoted to substantiation of existing shortcomings in the mechanisms of delegation of powers between public authorities and local governments in Ukraine and the development of proposals for tools to improve them based on the analysis of foreign experience. Delegation mechanisms in Ukraine are imperfect, which is accompanied by problems such as legal conflicts, duplication of functions of local governments and local executive authorities at various levels, reduced financial self- sufficiency of local governments, imbalance of powers, which ultimately leads to increased corruption risks and reduced quality of provision. public services to the population. To confirm the imbalance of delegated powers of local governments, the calculation of the "vertical imbalance" of local budgets is used as a share of transfers from the state budget in the total local budget revenues. The article suggests ways to solve the problems of delegation of powers between public authorities and local governments in Ukraine is possible, in particular through the introduction of tools tested by positive foreign experience. Among such tools is the development of a single law on delegated powers, which will regulate the procedure and conditions for delegating powers to public authorities, local governments and their officials, in particular, the proposed structure of such a law by sections. It is also proposed to apply the practice of municipal contracts and outsourcing to increase the efficiency of management processes during the delegation of powers, and to follow the Carlton principle when delegating powers between government officials. The basic principles of delegation of powers, and also elements of the municipal contract are defined. Peculiarities of indirect delegation of powers (subdelegation) as one of the complex but successful trends in foreign practice of public administration are given.

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Research trends in local autonomy studies in Japan: text analyses of article titles in the Journal of Urban Management and Local Government Research

10.31124/advance.13207280.v1 ◽

2020 ◽

Author(s):

Yasutoshi Moteki

Keyword(s):

Local Government ◽

Correspondence Analysis ◽

Local Governments ◽

Research Trends ◽

Public Enterprise ◽

Urban Management ◽

Local Finance ◽

Finance Management ◽

Government Research ◽

Third Dimension

Research trends in studies of local governments in Japan have been analysed quantitatively using text-mining methods on approximately 35 years of article titles from the Journal of Urban Management and Local Government Research, from its first issue (1985) to the vol. 35, no. 1 (2020). Co-occurrence network analysis and correspondence analysis were conducted to determine the changes in research interests during the target period. Substantially more research on accounting, finance, management, and reform was seen in the target journal after 1980. The extracted words prefecture, city, case, evaluation, and analysis show the features of local government studies in Japan after the enactment of decentralization reforms in March 2000.<br> The author interprets the first dimension of the configuration figures of correspondence analysis as an axis of accounting and time; the second dimension concerns financial accountability; and the third dimension concerns public enterprise. The publisher association of the journal has a large number of members who specialise in accounting and local finance, including certified public accountants and tax accountants, and the characteristics of such a membership structure are reflected in these results.<br><br>

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CONTROLLED TRANSACTIONS WITH INTANGIBLE ASSETS IN THE CONTEXT OF THE BEPS ACTION PLAN

Herald of Kyiv National University of Trade and Economics ◽

10.31617/visnik.knute.2021(135)08 ◽

2021 ◽

Vol 135 (1) ◽

pp. 101-118

Author(s):

UMANTSIV Halyna ◽

SHUSHAKOVA Iryna

Keyword(s):

Intellectual Property ◽

Scientific Knowledge ◽

Development Process ◽

Intangible Assets ◽

Transfer Pricing ◽

Action Plan ◽

Economic Relations ◽

Business Transactions ◽

Tax Legislation ◽

Transfer Prices

Background. The Organization for Economic Co-operation and Development has launched a number of initiatives to solve global tax problem, since there are inconsistencies and gaps in the international tax legislation. The BEPS Plan is the most significant of these initiatives. Analysis of recent researches and publications. The review of scientific articles and publications revealed the relevance of the study of the analysis of the conditions of operations controllability with intangible assets and the choice of transfer pricing method through the identification of potential signs of comparability. The aim of the article is to study the approaches to the transfer pricing of intangible assets in the BEPS context in accordance with the concept of their implementation of the "outstretched hand" principle. Materials and methods. Different methods of scientific knowledge such as analysis, synthesis, deduction and induction, as well as methods of comparison, generalization and systematization have been used in the article. Results. Modern tendencies of development of the sphere of intellectual property have been analyzed. The globalization dimension of the processes of intellectual property formation has been studied and the place of Ukraine in these processes is revealed. The main trends of foreign economic transactions with intangible assets are identified. Business transactions with intangible assets for the purposes of transfer pricing are specified. The main measures for the implementation of the BEPS Action Plan in Ukraine are presented. Conclusion. It is identified that the results of comparability of the conditions of the controlled operation, the parties to the controlled operations with intangible assets should receive compensation based on the value they create through the performed functions, used assets and risks assumed in the development process, strengthening, maintenance, protection and use of such assets. This necessitates the formation of approaches to the tax administration of transfer prices, which will ensure the creation of competitive economic relations, the introduction of clear and transparent mechanisms for determining contract prices. Keywords: transfer pricing, related parties, controlled transactions, BEPS, intangible assets, royalties, international trade in services.

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Research trends in local autonomy studies in Japan: text analyses of article titles in the Journal of Urban Management and Local Government Research

10.31124/advance.13207280 ◽

2020 ◽

Author(s):

Yasutoshi Moteki

Keyword(s):

Local Government ◽

Correspondence Analysis ◽

Local Governments ◽

Research Trends ◽

Public Enterprise ◽

Urban Management ◽

Local Finance ◽

Finance Management ◽

Government Research ◽

Third Dimension

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ACTIVITIES, CONDITION AND CHALLENGES OF OTG IN THE CONDITIONS OF BUDGET DECENTRALIZATION

International scientific journal Internauka Series Economical Sciences ◽

10.25313/2520-2294-2020-12-6788 ◽

2017 ◽

Author(s):

Mariia Kutsyk ◽

Keyword(s):

Policy Development ◽

Local Governments ◽

Political System ◽

Well Being ◽

Budget Management ◽

Tax Legislation ◽

Rapid Transition ◽

Decentralization Reform ◽

The Impact ◽

Budget Decentralization

The article is devoted to an important issue of today - the activities, development and unification of territorial communities, decentralization of budget management, the transfer of power to higher levels - lower. Attention is paid to the impact of decentralization on the development of local self-government, the positive and negative aspects of decentralization as of 2019-2020 and the analysis of activities during 2014-2020 are considered. Also, the state of OTG after the beginning of the reform and the impact of legislation on regional development are analyzed. The article also reflects the dynamics of total revenues. Much attention is paid to the problems of creating a revenue base for filling local budgets to meet the needs of the population and finding a reserve for filling. The issue of united territorial communities is not the first place among the discussions of financial analysts and among the general population. The rapid transition from a centralized type of budget management to decentralization indicates an increase in the capacity of local governments and maintaining their independence. Decentralization should allow for effective coordination of policy development and implementation in many functions, such as education, health, etc., as areas that are properly addressed and managed for change become effective. Effective decentralization reform requires significant efforts to bring about change, as there are a number of challenges to the growth of the community, the creation of an effective open political system, and the well-being of every citizen. Decentralization should lead to every community being innovative and creative in all aspects - new health services and policies, education systems, tax legislation, administrative resources, etc. Therefore, the issue is relevant and requires detailed study. Analyzing the impact of decentralized processes on local budgets of Ukraine, much attention is paid to the problems of creating an income base for filling local budgets and finding a reserve for filling. Also in the article we will analyze the actual revenues of the general fund of local budgets of Ukraine during 2013-2019, reflect a significant increase in total revenues.

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