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Title Financial capacity of local budget as a basis for sustainable functioning of a territory
Other Titles Фінансова спроможність місцевого бюджету як основа забезпечення сталого функціонування території
Authors Liuta, Olha Vasylivna
Pihul, Nataliia Heorhiivna  
Kubakh, Tetiana Hryhorivna  
Keywords financial ability
municipal budget
financial autonomy
financial potential
фінансова спроможність
місцевий бюджет
фінансова автономія
фінансовий потенціал
Type Article
Date of Issue 2015
URI http://essuir.sumdu.edu.ua/handle/123456789/51050
Publisher Economic Annals - XXI
License
Citation Liuta, O. Financial capacity of local budget as a basis for sustainable functioning of a territory [Text] / O. Liuta, N. Pihul, T. Kubakh // Economic Annals - XXI. - 2015. - №1-2 (1). - P. 78-81
Abstract The level of local budgets financial capacity plays an important role in sustainable socio-economic development providing to the region. The financial capacity of a local budget is capability of the local governmental bodies to exercise local budget expenditures in a timely and proper way, in full conformity with their own direct authorities and delegated authorities, in order to achieve tactical and strategic objectives of social and economic development in a region through accumulating sufficient amount of financial resources. The main factors that have a significant influence on the financial capacity of local budgets are: balanced financial resources and independence of local governmental bodies in making financial decisions. The financial capacity of the local budget consists of three components, characterizing its various dimensions: financial potential, financial autonomy and financial sufficiency. The evaluation of the financial capacity of local budgets is an important problem today. In the article, the authors have proposed a methodology for the financial capacity of the local budget evaluation by calculating the integral index, based at coefficients usage. The proposed approach is of practical importance. It allows making an adequate analysis of the local budgets financial capacity in Ukraine, timely identification of problems, determination of the causes of their occurrence, reserves and ways to improve efficiency of financial relations at the regional level.
Appears in Collections: Наукові видання (ННІ БТ)

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