scholarly journals THE ROLE OF TAX POTENTIAL IN THE DEVELOPMENT OF LOCAL GOVERNMENT IN UKRAINE

2021 ◽  
pp. 77-88
Author(s):  
Oksana DESIATNIUK ◽  
Fedir TKACHYK
Keyword(s):  
Economic Development ◽  
Local Governments ◽  
Financial Support ◽  
Financial Resources ◽  
Present Stage ◽  
Tax Base ◽  
Tax Revenues ◽  
Socio Economic Development ◽  
Tax Capacity

Introduction. At the present stage of development of Ukraine’s economy, the need to equalize territorial disparities in the financial support of territorial communities is especially relevant. The implementation of the policy of decentralization in the context of the formation of financial resources of local self-government increases the importance of tax and budgetary levers in the process of socio-economic development of administrative-territorial entities. In this aspect, the tax potential of local governments as a priority element of regional fiscal policy plays an important role. The ability of public authorities and local governments to transform the tax base into tax revenues gives them the opportunity to perform their functions, in particular to influence the financial and economic processes in society. The purpose of the article is to determine the features of the formation and effective use of tax potential in the development of administrative-territorial units at the present stage. Results. The urgency of the problem of financial support for the activities of local governments in Ukraine is outlined. The role of local governments in building tax potential for effective fiscal regulation of socio-economic development of territorial entities has been studied. Topical aspects of formation of budgetary resources of municipalities in the Ukrainian and European practice are covered. The dynamics and structure of actual performance indicators of the revenue side of local budgets in Ukraine are analyzed. The role of tax revenues in the financial resources of territorial communities has been growing. The component formation of tax capacity of local budgets in Ukraine was monitored. Considerable attention in the article is paid to risks and threats of fiscal nature that affect the effective development of local self-government. Among them are the shadow economy and pandemic processes (COVID-19). Ways to increase the tax base of territorial communities are systematized. The importance of tax potential in the socio-economic, technical and environmental development of local governments in Ukraine is proved. Perspectives. Further research will focus on current aspects of the formation of the tax capacity of territorial communities in the languages of tax reforms on the basis of fiscal federalism and decentralization.

RECOMMENDATIONS FOR INCREASING THE FINANCIAL CAPACITY OF COMMUNITIES ON THE BASIS OF INCREASING TAX REVENUES

2021 ◽  
Vol 298 (5 Part 1) ◽  
pp. 274-279
Author(s):  
Galyna Shapoval ◽  
Nataliia Chekh ◽  
Keyword(s):  
Local Governments ◽  
Financial Support ◽  
Personal Income Tax ◽  
Social Infrastructure ◽  
Tax Base ◽  
Financial Capacity ◽  
Tax Revenues ◽  
Current State ◽  
Favorable Conditions ◽  
To Receive

The purpose of the paper is to study the tax potential of UTC based on study of financial revenues to the budgets of UTC of Kharkiv region, the reasons for lack of funding and to develop recommendations to increase the financial capacity of UTC based on increased tax revenues. Main sources of UTC budgets have been analyzed in the paper, reasons for possible underfunding of UTC funding due to unused opportunities to receive tax revenues have been identified and recommendations for increasing the financial capacity of communities based on increasing tax revenues have been developed. Taking into account the results of analysis of the current state of financial support for the development of territorial communities, the importance and problems of components of the system of financial support for the development of territorial communities, one of the logical directions is to strengthen the tax base of local governments. In particular, it is advisable to provide in UTC a rule that establishes the procedure for payment of personal income tax at the place of residence of the taxpayer, which will create more favorable conditions for citizens and for the development of social infrastructure of UTC. Another area of tax revenues growth to the budgets of territorial communities is the implementation of land decentralization, which will allow communities to implement their decisions throughout the territory. The community will decide for itself what to do with the land – to cultivate its own farm, rent it out or look for investors.

scholarly journals Investment subsidies as a source of revenues to local budgets

2021 ◽  
pp. 31-34
Author(s):  
Volodymyr HORYN ◽  
Nataliia KARPYSHYN
Keyword(s):  
Economic Development ◽  
Local Governments ◽  
The State ◽  
Infrastructure Development ◽  
State Budget ◽  
Investment Projects ◽  
Socio Economic Development ◽  
Water Mains

Introduction. Given the limited own resources of local self-government, it is important to ensure the effective functioning of the mechanism for providing investment subventions from the state budget. Such investment subventions include subventions for the formation of infrastructure in the united territorial communities and subventions for the implementation of measures of socio-economic development of separate territories. The purpose of the paper is the analysis of the mechanism of providing and using investment subventions to local budgets in order to identify disadvantages and eliminate them. Results. Providing an “infrastructure” subvention to local budgets has strengthened the capacity of united territorial communities and to some extent improved the quality of services provided to the population. During 2016–2019, UAH 6.5 billion was allocated from the State Budget of Ukraine to local budgets for infrastructure development and 9475 projects were implemented. With the help of these subventions, schools, kindergartens, outpatient clinics, cultural and sports institutions, water mains and roads were built and repaired, and specialized transport was purchased. However, in recent years, the role of this subvention has decreased significantly due to the fact that the number of UTCs that received an infrastructure subvention during 2016–2021 has increased significantly, and its volume has hardly changed. The amount of subventions from the state budget to local budgets for the implementation of measures for socio-economic development of certain territories has also decreased, which negatively affects the capacity of local governments in the field of investment projects. Conclusion. The volume of investment subventions remains insufficient, and their distribution is partly in a “manual mode”, which creates a favorable environment for political corruption and lobbying.

scholarly journals FORMATION OF LOCAL BUDGET REVENUES IN THE CONDITIONS OF DECENTRALIZATION OF FINANCIAL RESOURCES

2018 ◽  
pp. 19-27
Author(s):  
Natalia TRUSOVA ◽  
Olena SYZONENKO
Keyword(s):  
Economic Development ◽  
Quality Management ◽  
Financial Resources ◽  
Local Authorities ◽  
Successful Development ◽  
Socio Economic Development ◽  
Local Budget ◽  
Decentralization Reform ◽  
Financial Base

Introduction. Increasing the profitability of local budgets is an important issue on the way to the plundering of territorial communities, because local budgets take the main place in the socio-economic development of the territories. Particular relevance of this issue comes in terms of decentralization reform, which gives new opportunities for increasing thefinancial base of local budgets. Purpose. The purpose of the paper is to identify the peculiarities of the formation of revenues of local budgets of Ukraine in the conditions of decentralization of financial resources. Results. The theoretical questions of formation of the revenue part of local budgets are considered. The structure of the distribution of tax and non-tax revenues between the levels of the budget system of Ukraine, the role of inter-governmental transfers in the system of budget revenues of the combined terri-torial communities are investigated. The influence of decentralization reform on formation of the revenue part of local budgets is determined. Conclusions. The changes that have been made to the budget legislation in the process of decentralization reform have affected the structure of distribu-tion and source of local budgets, and strengthened the financial base of local authorities. However, it is precisely from the efforts of local self-government, the adoption of quality management decisions depends on the rational and effi-cient use of budget funds and the successful development of the community.

SOCIO-ECONOMIC DEVELOPMENT OF CHINA AT THE PRESENT STAGE

2019 ◽  
pp. 25-32
Author(s):  
Wang Xizhe ◽  
Keyword(s):  
Economic Development ◽  
Human Development ◽  
External Factor ◽  
Chinese Economy ◽  
Present Stage ◽  
Predominant Role ◽  
Social And Economic Development ◽  
Socio Economic Development ◽  
Per Capita

The article presents an analysis of the dynamics of social and economic development of China in 2009–2018. the Author justifies the factors of growth of the Chinese economy and the remaining problems. It shows the dynamics of GDP and per capita income, which in the XXI century is higher than the global average. The author comes to the conclusion about the predominant role of human development in China for the formation and preservation of high rates of socio-economic dynamics. The article substantiates the role of the external factor as having a fundamental character.

scholarly journals STATE REGULATION OF SOCIO-ECONOMIC DEVELOPMENT OF TERRITORIES: RETROSPECTIVE AND MODERN CONTEXT

2020 ◽  
Vol 288 (6) ◽  
pp. 101-105
Author(s):  
Ye. BOLIUBASH ◽  
Keyword(s):  
Economic Development ◽  
Local Governments ◽  
State Regulation ◽  
Public Authorities ◽  
Role Of The State ◽  
The Social ◽  
Wide Range ◽  
Social Interests ◽  
Socio Economic Development

The article presents a retrospective analysis of the state’s participation in the regulation of socio-economic processes. A wide range of opinions on state regulation of the development of socio-economic systems is presented. The views of economists on the regulation of socio-economic processes have evolved. Economic theories of substantiation of economic development and the role of the state in the regulation of socio-economic processes are considered: Keynesian, monetarist, institutional, theory of social choice, etc .. The views of modern scholars on the essence of state regulation are analyzed. It has been found that the authors reveal the essence of this concept differently and, as a result, each definition interprets the ultimate goal of state regulation differently. Scholars substantiate the need for state regulation for the realization of social interests of society; development of the social mode of production and improvement of the social development of the country; consider the goal of state regulation to stabilize and adapt the socio-economic system to changing conditions; define state regulation as a system of measures of different nature. State regulation is defined as a system of measures at different levels of public authorities in accordance with certain functions aimed at different spheres of life. It is noted that in the conditions of decentralization local self-government bodies have received more powers and more opportunities to solve problems of socio-economic development of territories. Therefore, the role of local governments, their decisions have a significant impact on the level of socio-economic development of territories.

scholarly journals Perception of the role of culture in the development of small cities by local governments in the context of strategic documents – a case study of Poland

2017 ◽  
Vol 38 (38) ◽  
pp. 119-130 ◽  
Author(s):  
Stefania Środa-Murawska ◽  
Jadwiga Biegańska ◽  
Leszek Dąbrowski
Keyword(s):  
Economic Development ◽  
Urban Space ◽  
Local Governments ◽  
Western Europe ◽  
Local Development ◽  
Small Cities ◽  
Socio Economic Development ◽  
Cultural Sector ◽  
Post Industrial

AbstractIt is widely accepted that the cultural sector and the creative sector have an impact on the socio-economic revival of cities. They create urban images, form a specific creative milieu, generate new jobs, and organize urban space. The above-mentioned observations have been mainly referred to the largest cities. So far, small cities have not been the subject of similar considerations. As many studies have shown in recent years, the potential of culture for socio-economic development in small cities has been noticed more and more often. It refers mainly to countries in Western Europe or in North America where generally, in the 1980s, the cultural sector was perceived as a remedy for the problems of post-industrial cities. This paper discusses the role of culture in the development of small cities in Poland, i.e. in a country in which only after 1989 is it possible to consider local development managed by local communities. The paper aims at showing how local governments of small cities in Poland perceive the role of culture in their development. The study is based on the analysis of strategic documents dedicated to the development of individual cities. When analysed, strategic documents clearly indicate that local authorities in every city use and are planning to further use different types of cultural activities for the enhancement or development of selected elements included in the broadly-understood socio-economic development; however, only few small cities notice the wide array of opportunities for making the cultural sector a base for socio-economic development.

The economic substance of appropriated funds: The conceptual framework

2020 ◽  
Vol 26 (4) ◽  
pp. 916-930
Author(s):  
N.A. Lunyakova
Keyword(s):  
Economic Development ◽  
Systems Approach ◽  
The State ◽  
Financial Resources ◽  
Conceptual Approach ◽  
Socio Economic Development ◽  
Fund Size ◽  
Theoretical Issues ◽  
Financial Fund

Subject. This article discusses the theoretical issues of the essence of the budget fund. Objectives. The article aims to generalize the essence and highlight the main characteristics of the budget fund. Methods. For the study, I used a systems approach. Results. The article describes the general and specific features of the budget fund as a type of financial fund, analyzes the budget fund size, and particularizes ways and approaches to ensure the maneuverability of the budget fund at the stages of its formation and use. Conclusions and Relevance. In today's dynamic socio-economic development of the State, objective prerequisites for the development of a conceptual approach to determining the essence, place and role of budget funds in the financial system of the State are getting formed. The results of the study can be used to improve the processes of formation, distribution, and use of financial resources.

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 THE PRACTICE OF FORMATION OF THE REGIONAL BUDJET FINANCIAL RESOURCES IN THE CONDITIONS OF FINANCIAL DECENTRALIZATION (ON THE EXAMPLE OF THE REGIONAL BUDGET OF THE ODESSA REGION)

2020 ◽  
Keyword(s):  
Economic Development ◽  
Local Government ◽  
Income Tax ◽  
Well Being ◽  
Developed Countries ◽  
Financial Resources ◽  
Tax Revenues ◽  
Regional Budget ◽  
Socio Economic Development ◽  
Regional Budgets

Local budgets are the basis for the socio-economic development of territories and improving the material well-being of residents of these territories. Strengthening the financial security of local budgets is seen as an effective tool to influence the development of regions.The purpose of the article is to analyze the formation of the revenue side of the budget of the Odessa region in the context of financial decentralization and to develop practical recommendations for transforming the regional budget into a working tool for the socio-economic development of the region. The article discusses the legal framework for the functioning of local government in the context of financial decentralization. Aspects of the formation of regional financial resources are investigated on the example of the Odessa region. The powers of local government of the regional level are considered. It is proved that regional self-government is an effective vector for the development of the Ukrainian economy as a whole. The dynamics of incomes of the regional budget of the Odessa region and their components for 2015 - 2019 in the context of financial decentralization has been investigated. The analysis of tax revenues of the Odessa region for the largest taxes: personal income tax and corporate income tax. The structure of non-tax revenues of the regional budget and the share of interbudgetary transfers are analyzed. It was revealed that for five years the Odessa region is characterized by the preservation of a significant share of interbudgetary transfers and a small share of its own financial resources. The foreign experience of the formation of financial resources of regional budgets is considered. The sources of the formation of financial resources of regional budgets of such countries as the USA, Germany, Italy, Poland, France and Switzerland are given.The article uses general scientific and applied methods such as historical, mathematical statistics, system comparison, structural and functional approaches to data analysis. The problems and directions of ensuring the socio-economic development of regions in the context of effective management of financial resources have been identified on the example of the experience of economically developed countries of the world.

Sign in / Sign up

Export Citation Format

Share Document