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BUSINESS INFORM №1-2019

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24

Section: Regional Economy
UDC 336.145.2
Voznyak H. V., Pelekhatyy A. O.
The Budget Policy of the Regions of Ukraine in the Focus of the Reform of Financial Decentralization: Conceptualization and Directions of Improvement (p. 170 - 177)

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.
Keywords: budget policy, financial decentralization, budget strategy of region.
Fig.: 3. Bibl.: 10.

Voznyak Halyna V. – Doctor of Sciences (Economics), Senior Research Fellow, Senior Research Fellow, Department of Regional Financial Policy, Institute of Regional Research named after M. I. Dolishniy of the NAS of Ukraine (4 Kozelnytska Str., Lvіv, 79026, Ukraine)
Email: [email protected]
Pelekhatyy Andriy O. – Candidate of Sciences (Economics), Associate Professor, Department of Economics and Public Administration, Ivan Franko National University of Lviv (1 Unіversytetska Str., Lvіv, 79001, Ukraine)
Email: [email protected]

Article is written in Ukrainian
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Reference to this article:
Voznyak, Halyna V., and Pelekhatyy, Andriy O. (2019) “The Budget Policy of the Regions of Ukraine in the Focus of the Reform of Financial Decentralization: Conceptualization and Directions of Improvement.” Business Inform 1:170–177.


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