ASSESSMENT OF LOCAL BUDGET REVENUES IN UKRAINE

Abstract

Introduction. One of the key prerequisites for the socio-economic development of territories and the effective performance of their functions is the financial capacity of local self-government bodies. Local budget revenues, their structure, and dynamics play an important role in this process, as they directly affect the level of autonomy of territorial communities (hereinafter referred to as TCs). At the same time, contemporary challenges caused by military aggression, the redistribution of tax revenues between levels of the budget system, the growing dependence of communities on interbudgetary transfers, and changes in tax legislation have a significant impact on the structure and dynamics of local budget revenues. In view of this, scientific research on this issue in the context of financial decentralization and the transformation of Ukraines budgetary system under the influence of martial law is particularly relevant. Purpose. Сonduct an in-depth analysis of the current state of local budget revenues in Ukraine. Methods. To achieve the set goal, the article uses general scientific techniques and methods of economic research. The theoretical and methodological aspect of the study is the analysis of scientific works by domestic and foreign economists on the formation of local budget revenues in Ukraine. Abstract-logical and dialectical methods of analysis were used to substantiate the theoretical provisions and conclusions. Results. The relevance of the scientific article is determined by the need to reveal the current state of local budget revenues in Ukraine. The distribution of certain types of revenues between different levels of Ukraine's budget system is analyzed. The dynamics of the share of local budget revenues in Ukraine's consolidated budget is examined. The dynamics of tax revenues of Ukraine's local budgets and revenues of the general fund of local budgets (excluding interbudgetary transfers) are considered. The volume of own revenues by type of territorial entity, as well as the volume of interbudgetary transfers to local budgets of Ukraine in a regional context, are analyzed. Based on the generalization of the statistical data obtained, the main trends in the formation of the revenue side of local budgets of Ukraine in the conditions of martial law are identified and the problematic aspects of the financial capacity of territorial entities are outlined. Conclusion. A conclusion was made regarding the expediency of diversifying local budget revenues and strengthening the role of local taxes to increase the financial capacity of local governments.