FINANCIAL ASPECTS OF STRENGTHENING OF LOCAL BUDGETS ARE IN THE CONDITIONS OF DECENTRALIZATION

Abstract

The article is devoted to the exposure of factors of providing of development of local budgets in Ukraine in the conditions of decentralization. The implementation of reforms aimed at transforming the system of interbudgetary relations, among its results should include not only the achievement of an optimal structure for the delineation of power and functional responsibility in the system of budgetary relations, but also the formation of appropriate organizational and economic mechanisms and regulatory frameworks for the development of the budgetary sphere, increasing the financial the potential and directions of development of local budgets as the basis for ensuring the fulfillment by local self-government bodies of their duties. The processes of formation and development of local budgets require adherence to the sequence of actions and interdependencies between the components, factors of building an effective whole-oriented system for the implementation of active fiscal policy on the ground in order to achieve the development of territorial entities.