Ways to Improve the Financial Viability of the Regions in the Context of the Reform of Fiscal Decentralization Policy in Ukraine
DOI:
https://doi.org/10.29038/2411-4014-2016-03-85-89Keywords:
fiscal decentralization, financial capacity, local communities, local budgets, fiscal policy, Donbas, Ukraine, SpainAbstract
The article deals with the problems of forming the financial base of Ukrainian regions, which have negative impact on the overall socio-economic development of the country. The basic methods and tools address these problems, which are aimed at creating financially capable and independent communities. The authors argued that the process depends primarily on tax revenues to local budgets. Taking into account the difficult political and economic situation there is offered to make free economic zone in the Donbass, which will attract foreign investment in this region and ensure its reconstruction.
References
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Carlin M. I. (2004), Finance foreign countries : Textbook / M. I. Carlin. – Condor : Kyiv, Ukraine, 2004. – 382 p.
Carlin, M. I. (2014) Social and fiscal policy of the state, regional coordination problems in the new phase of globalization / M. I. Carlin // Demography and social economy. – № 2. – Р. 34–44.
Draft Law of Ukraine «On Amendments to the Tax Code and some other laws of Ukraine (on tax reform)». – № 5079 of 15.09.2014 [Electronic resource]. – Mode of access : http://w1.c1.rada.gov.ua/pls/ zweb2/webproc4_1?pf3511 =52180.
Draft Law of Ukraine «On the establishment and operation of free economic zone “Donbas”» from 03.19.2015 [Electronic resource]. – Mode of access : http://w1.c1.rada.gov.ua/pls/zweb2/webproc4_1?pf3511=54,463.
Prots, N. V. (2015) Formation of tax revenues of local budgets in the context of fiscal decentralization / N. V. Prots // Financial space. – № 1 (17). – Р. 221–226.
Storonyanska, I. Z. (2014) Financial support for the development of local communities in the context of administrative-territorial reform / I. Z. Storonyanska // Regional Economics. – № 3 (73). – Р. 228–238.
Tax Code of Ukraine from 02.12.2010 no 2755-VI [Electronic resource]. – Mode of access : http://zakon3.rada.gov.ua/laws/show/2755-17.
The order of Cabinet of Ministers of Ukraine of 23.02.2011 no 143-p «On the list of offshore zones» [Electronic resource]. – Mode of access : http://zakon4.rada.gov.ua/laws/show/143-2011-р.
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Published
2016-11-01
Issue
Section
MONEY, FINANCE AND CREDIT
How to Cite
[1]
2016. Ways to Improve the Financial Viability of the Regions in the Context of the Reform of Fiscal Decentralization Policy in Ukraine. Economic journal of Lesya Ukrainka Volyn National University. 3, 7 (Nov. 2016), 85–89. DOI:https://doi.org/10.29038/2411-4014-2016-03-85-89.
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