Bìznes Inform (Jan 2019)
The Budget Policy of the Regions of Ukraine in the Focus of the Reform of Financial Decentralization: Conceptualization and Directions of Improvement
Abstract
The article is aimed at deepening the theoretical and methodological aspects of the budget policy of regions and substantiating the directions of its improvement in the context of reform of financial decentralization in Ukraine. A theoretical generalization is carried out, a new vision of budget policy of development of the regions of Ukraine is suggested, and the scientifically-practical recommendations as to its implementation in conditions of deepening of the financial decentralization reform are grounded. It is proved that the theory of regional self-development is the basic theoretical postulate according to which it is expedient to form the concept of the budget policy of development of region. The criteria of development of region are defined as follows: self-sufficiency, self-organization and self-government. The necessity of taking into view the influence of financial decentralization on the development of regions is substantiated, which leads to increasing the importance of budget policy in ensuring the regional development. It is shown that the most negative manifestation of financial decentralization is deepening of imbalances of the socio-economic development of regions and the horizontal budget competition between regions. The proposed conception defines strategic priorities for the implementation of the budget policy for the development of Ukrainian regions, and specifies the list of tasks required to achieve them. As a result of the carried out research, the authors proposed a number of measures that could intensify the regional development budget policy.
