УКР
ENG
Search


The Local Budgets’ Revenues as an Instrument for Ensuring the Socioeconomic Development of Territories
Kaneva T. V., Karpenko M. Y.

Kaneva, Tetiana V., and Karpenko, Maksym Yu. (2023) “The Local Budgets’ Revenues as an Instrument for Ensuring the Socioeconomic Development of Territories.” The Problems of Economy 1:185–191.
https://doi.org/10.32983/2222-0712-2023-1-185-191

Section: Finance and banking

Article is written in Ukrainian
Downloads/views: 3

Download article in pdf format -

UDC 336.14:352

Abstract:
The purpose of the article is to disclose and deepen the theoretical provisions on the nature and role of the revenue side of local budgets in ensuring the socioeconomic development of territories. The State financial policy should be focused not only on solving urgent current problems and tasks, but also have a perspective character, which consists in creating the preconditions for socioeconomic development. The article conceptualizes the role of the local budgets’ revenues in ensuring the socioeconomic development of territorial communities. The main functions of local budgets are defined. The concept of sustainable development and a totality of indicators that characterize it are studied. The theoretical aspects of the impact of local budget revenues on socioeconomic development are revealed. The advantages of budgetary decentralization are determined, the indicators of budgetary decentralization in the field of revenues are considered. The provisions on the impact of decentralization on socioeconomic development are generalized. The authors applied a system approach. They also used the dialectical method, methods of synthesis and analysis, comparison and generalization. It is substantiated that local budgets play a significant role in regulating socioeconomic processes, performing both distributive and regulatory functions. Local institutions should have sufficient financial resources at their disposal to finance public services and infrastructure development. The transformation of interbudgetary relations is intended to increase fiscal responsibility and motivation to accumulate own budget revenues to cover expenditures. It is defined that fiscal decentralization is aimed at improving the quality of public administration and the formation of financially viable territorial communities. The decentralization processes are intended to improve the quality of public administration and form financially viable territorial communities in which the basic set of public services will be as close to the consumer as possible, and the quality of these services will meet the established criteria.

Keywords: local budgets, local budgets’ revenues, subsidiarity, budgetary decentralization, sustainable development, socioeconomic development.

Tabl.: 1. Formulae: 2. Bibl.: 22.

Kaneva Tetiana V. – Doctor of Sciences (Economics), Professor, Dean, Faculty of Finance and Accounting, State University of Trade and Economics / Kyiv National University of Trade and Economics (19 Kіoto Str., Kyiv, 02156, Ukraine)
Email: t.kaneva@knute.edu.ua
Karpenko Maksym Yu. – Postgraduate Student, Department of Finance, State University of Trade and Economics / Kyiv National University of Trade and Economics (19 Kіoto Str., Kyiv, 02156, Ukraine)
Email: m.o.karpenko@knute.edu.ua

List of references in article

Buriachenko, A. Ye., and Filimoshkina, I. O. “Fiskalna detsentralizatsiia ta finansova spromozhnist mistsevoho samovriaduvannia v Ukraini“ [Fiscal Decentralization and Financial Capacity of Local Self-government in Ukraine]. Finansy Ukrainy, no. 5 (2018): 56-68.
Konieva, I. I. “Formuvannia ta vykorystannia mistsevykh biudzhetiv Ukrainy v umovakh detsentralizatsii“ [Formation and Use of Local Budgets of Ukraine in Conditions of Decentralization]. Ekonomika i suspilstvo, no. 16 (2018): 751-757.
Kuzheliev, M. O., and Plakhotniuk, V. V. “Formuvannia mistsevykh biudzhetiv v umovakh biudzhetnoi detsentralizatsii“ [Formation of Local Budgets in Conditions of Budgetary Decentralization]. Ekonomichnyi visnyk universytetu, no. 36-1 (2018): 302-312.
Nikitishyn, A. O. “Podatkovi nadkhodzhennia do mistsevykh biudzhetiv v umovakh biudzhetnoi detsentralizatsii“ [Tax Revenues to Local Budgets in Conditions of Budgetary Decentralization]. Naukovyi visnyk Khersonskoho derzhavnoho universytetu. Ser. : Ekonomichni nauky, no. 29(2) (2018): 110-113.
Pysmennyi, V. “Subventsii u formuvanni dokhodiv mistsevykh biudzhetiv Ukrainy“ [Subsidies in the Formation of Revenues of Local Budgets of Ukraine]. Visnyk Ternopilskoho natsionalnoho ekonomichnoho universytetu, no. 1 (2018): 34-44.
Pasichnyi, M. et al. “The impact of fiscal decentralization on economic development“. Investment Management and Financial Innovations, vol. 16 (3) (2019): 29-39. DOI: 10.21511/imfi.16(3).2019.04
Song, J. et al. “Fiscal decentralization and economic growth revisited: an empirical analysis of poverty governance“. Environ Sci Pollut Res 29, 28020-28030 (2022). DOI: 10.1007/s11356-021-18470-7
Chygryn, O. et al. “Assessment of fiscal decentralization influence on social and economic development“. Montenegrin Journal of Economics, vol. 14 (4) (2018): 69-84.
Hanif, I., Wallace, S., and Gago-de-Santos, P. “Economic Growth by Means of Fiscal Decentralization: An Empirical Study for Federal Developing Countries“. SAGE Open, vol. 10 (4) (2020). DOI: 10.1177/2158244020968088
Vlasiuk, O. S. “Sotsialno-ekonomichnyi rozvytok rehioniv Ukrainy v umovakh detsentralizatsii vlady: vyklyky, zahrozy, novi mekhanizmy“ [Socio-economic Development of the Regions of Ukraine in Conditions of Decentralization of Power: Challenges, Threats, new Mechanisms]. Rehionalna ekonomika, no. 3 (2016): 5-9.
Buletsa, N. V. “Stymuliuvannia sotsialno-ekonomichnoho rozvytku rehionu v umovakh finansovoi detsentralizatsii“ [Stimulation of Socio-economic Development of the Region in Conditions of Financial Decentralization]: avtoref. dys. ... kand. ekon. nauk : 08.00.05, 2017.
Saha, D., and Paterson, R. G. “Local Government Efforts to Promote the «Three Es» of Sustainable Development“. Journal of Planning Education and Research, vol. 28 (2008): 21-37.
Jin, H. et al. “Global assessment of sustainable development: Based on the modification of Human Development Index with entropy method“. Sustainability, vol. 12 (8) (2020): 339-359.
Tiebout, C. “An Economic Theory of Fiscal Decentralization“. In National Bureau Committee for Economic Research, Public Finances: Needs, Sources, and Utilization, 79-96. Princeton: Princeton University Press, 1961.
Pysmennyi, V. V. “Dokhody mistsevykh biudzhetiv: teoretychna kontseptualizatsiia i praktyka formuvannia“ [Revenues of Local Budgets: Theoretical Conceptualization and Practice of Formation]: dys. ... d-ra ekon. nauk : 08.00.08, 2019.
Pittsyk, M., and Slobozhan, O. Formuvannia spromozhnykh terytorialnykh hromad [Formation of Capable Territorial Communities].
Taxation and Development: The Weakest Link?. Books, Edward Elgar Publishing, 2014.
“Fjeldstad Odd-Helge: Taxation and development: A review of donor support to strengthen tax systems in developing countries“. WIDER Working Paper, no. 2013/010 (2013).
Oates, W. E. “Toward a Second-Generation Theory of Fiscal Federalism“. International Tax and Public Finance, vol. 12 (2005): 349-373.
Gemmell, N., Kneller, R., and Sanz, I. “Fiscal decentralization and economic growth: spending versus revenue decentralization“. Economic Inquiry, vol. 51 (4) (2013): 1915-1931.
Filippetti, A., and Sacchi, A. “Decentralization and economic growth reconsidered: The role of regional authority“. Environment and Planning C: Government and Policy, vol. 34 (8) (2016): 1793-1824.
Thornton, J. “Fiscal decentralization and economic growth reconsidered“. Journal of Urban Economics, vol. 61 (1) (2007): 64-70.

  The Promblems of Economy, 2009-2024 The site and its metadata are licensed under CC-BY-SA. Write to webmaster