TENDENCIES OF FORMING FINANCIAL RESOURCES OF LOCAL BUDGETS IN UKRAINE IN THE CONTEXT OF ADMINISTRATIVE AND TERRITORIAL REFORMING
The article reveals the main tendencies of the formation of financial resources of local budgets in Ukraine in the context of administrative and territorial reforming. The author focuses on a detailed analysis of the composition and structure of local budget revenues. The author also analyzes the level of local budget revenues implementation for all groups and identifies the main reasons for overfulfilment or underperformance of revenues. In the course of the analysis, attention is focused on the peculiarities of the formation of all types of revenues in the process of changes in tax and budget legislation. In particular, the author accentuates the features of fiscal and territorial decentralization influence on the formation of local budgets’ revenues. The author analyzes the percentage of remaining taxes for different types of local budgets according to changes in the budget legislation; how it has affected the increase in revenues of these budgets; types of budgets that have lost certain types of revenues, and how it affects the intensification of the process of territorial decentralization. The article explores the formation of new administrative-territorial forms in the course of this reform. These are the budgets of united territorial communities, which have their own sources and tendencies of revenue generation. The result of the study is the determination of the tendencies of financial resources of local budgets formation in Ukraine, confirmation of the importance and dominance of tax revenues. The interdependence of the composition, structure, and dynamics of these revenues due to the implementation of administrative and territorial reform in the course of the territorial decentralization in Ukraine has also been reflected and proved. Author also proves significant dependence in terms of financial resources in the revenues of local budgets formation from centralized instruments – intergovernmental transfers and their dominant component – grants.