Suchasni realiyi planuvannya ta vykonannya vydatkovoyi chastyny mistsevykh byudzhetiv

• Authors: Victoria G. Boronos , Iuliia A. Ostrishchenko

Title variants

EN

Actual Realities of Planning and Implementation of Local Budgets’ Expenditures

• Languages of publication: UK

Abstracts

EN

Operation of local budgets in recent years shows a number of problems and contradictions primarily due to limited financial resources, unclear assignment of expenditure responsibilities between different levels of government, inefficient use of budget means, and low investment capacity of local authorities. Under these conditions it is necessary to improve the system of planning and execution of budget expenditures in Ukraine. Characteristics of the national budget planning system and preconditions for preparing a well-balanced budget are summarized in the article. It is suggested the ways to improve the expenditure planning as a result of analysing the local budgets implementation in previous periods. Among them are the following: development of an effective methodology for assessing the impact of budget means’ using; implement budgeting taking into account the strategic objectives of socio-economic development and the outcomes of the central and local governments’ performance in the previous budget periods; increasing responsibility of budget process’ participants; improving fiscal sustainability, efficiency and transparency of budgetary funds by introducing advanced techniques of budgeting such as program target method and medium-term budget planning.

Keywords

EN

BUDGET PLANNING; LOCAL BUDGETS’ EXPENDITURES; BUDGET IMPLEMENTATION; INTERBUDGETARY TRANSFERS; LOCAL AUTHORITIES

• Publisher: Sumy State University, Business and Management Academy of Ukraine - Sumy regional branch and Publishing Company 'University Book'
• Journal: Mekhanizm Rehuluvannya Economiky
• Year: 2014
• Volume: 1 (63)
• Pages: 87-98

Contributors

author

Victoria G. Boronos

• Department of Finance and Credit, Sumy State University, Sumy, Ukraine

author

Iuliia A. Ostrishchenko