1. Home
  2. Special Issue (02) | The Current State of Agribusiness and Environmental Science in CIS countries
  3. Vdovenko

Determinants of the Growth of the Financial-Economic Potential of Rural Territorial Communities of Ukraine

Larysa O. Vdovenko, Olena V. Martseniuk, Oksana L. L. Ruda, Denys V. V. Titov, Karyna S. S. Kholiavitska

Abstract


The article considers the determinants of the growth of the financial-economic potential of rural territorial communities of Ukraine. A methodical approach to assessing the determinants of the growth of financial-economic potential of rural communities in terms of three components which would be able to independently form the functional basis of resource orientation of territories for socio-economic development and cooperation in the business environment is developed. The effectiveness of budget policy in increasing the financial-economic potential of rural communities to fill rural budgets with a resource base to ensure their financial capacity and coordination of socio-economic development, in the long run, is proved. The model of the growth of the financial-economic potential of rural territorial communities is developed. The main factors and criteria for the growth of the financial-economic potential of the rural territorial community are identified. Indicators of the growth of financial-economic potential of rural territorial communities (RTC) in the regional system are presented. The share of tax revenues in the revenues of rural budgets of European countries is determined. The size of incomes and expenses of rural territorial communities on average per one region is analyzed. An algorithm for diagnosing the growth of financial-economic potential of rural territorial communities in the regional system has been developed. The forecast integrally normalized index of the growth of financial-economic potential of rural territorial communities of Ukraine by its components in the regional system of Ukraine is determined.

Keywords


Financial support; Budgetary support; Financial resources; Tax revenues; Budget revenues; Budget expenditures

References


Avramchenko, K. V., A. L. Deshko and Ya. A. Zhalilo. 2016. Budget policy: Pragmatic approaches to strategic decisions. ST-PRINT, Kyiv.

Batanov, O. V. 2008. Territorial community – the primary subject of municipal power in Ukraine: concepts and features. Bulletin of the Central Election Commission, 2(12): 51-57.

Beschastnyi, V. M. 2005. Local self-government in Ukraine: Problems and prospects. Donetsk Law Institute at Donetsk National University, Donetsk.

Bończak-Kucharczyk, E., Herbst, K., Chmura, K. 1998. How local authorities can support entrepreneurship. Polish Foundation for the Promotion of Small and Medium Enterprises, Warsaw.

Bondar, O., L. Tkach, N. Tsytsiura, O. Halahan and O. Tryhuba. 2021. Analysis of species diversity of forests on the territory of Kharkivska Oblast. Scientific Horizons, 24(1): 77-84.

Chala, N. 2020. Decentralisation and local self-government in Eastern partnership countries. Eastern Partnership Civil Society Forum, Brussels.

Chernov, S. I. and N. Iu. Mushchynska. 2016. Association of territorial communities as a mechanism for ensuring the resource capacity of rural communities. Theory and practice of public administration, 3(54): 172-177.

Davulis, G. 2009. Analysis of situation on local taxes in Lithuania. Intellectual economics, 1(5): 21-29.

Decentralization and Local Democracy in the World. First Global Report by United Cities and Local Governments. 2008. https://elibrary.worldbank.org/doi/abs/10.1596/978-0-8213-7734-5

Hillery, G. H. 1955. Definitions of community: Areas of agreement. Rural Sociology, 20: 111-119.

Ivanova, O. Yu. 2016. Influence of fiscal decentralization on the self-development of the regions of Ukraine. World of Finance, 2: 136-147.

Ivanova, O. Yu. and N. V. Bielikova. 2016. Formation of financial self-sufficiency of regions in the context of implementation of economic reforms. Current Economic Problems, 3(177): 219-229.

Kaminska, I. M. 2011. Financial capacity of the region: diagnostics and support mechanisms. Economic Forum, 2: 131-144.

Kasperovich, Yu. V. 2018. Strategic priorities and objectives of the tax reform in Ukraine. http://www.niss.gov.ua/content/articles/files/podatkova_ref-21822.pdf

Kovenko, O. Iu. 2012. Administrative reform as a step towards the creation of successful territorial communities. Theory and Practice of Public Administration, 2: 362-368.

Kozoriz, M. A., A. Ya. Kuznietsova, I. Z. Storonianska and H. V. Vozniak. 2010. Finance of the region: Theory, problems, practice. Kyiv: UBS NBU.

Kryvenko, N. V. 2021. Regional trade agreements of Ukraine: Realities and prospects. Scientific Bulletin of Mukachevo State University. Series “Economics”, 8(2): 56-81.

Lunina, I. O. 2016. Budget decentralization in Ukraine in the context of European trends. Collection of scientific works of the University of the State Fiscal Service of Ukraine, 2: 155-171.

Martynenko, V. 2021. Ecological and fire characteristics of forest ecosystems of the “Drevlyansky” nature reserve. Scientific Horizons, 24(1):85-92.

Miklovda, V. P., M. I. Pitiulych, V. V. Hoblyk and M. M. Pitiulych, 2021. Current trends in the demographic development of the population of small villages in Zakarpattia region. Scientific Bulletin of Mukachevo State University. Series “Economics”, 8(3): 67-74.

Murkovych, L. 2010. Territorial community as a subject of local self-government in Ukraine: theoretical aspects. Public Administration and Local Self-Government, 2: 320-328.

Pankratova, V. O. 2021. General principles of law as a source of European Union law. Legal Horizons, 14(2): 111-117.

Patytska, Kh. O. 2017. Increasing the tax capacity of united territorial communities in the context of ensuring their financial capacity. Black Sea Economic Studies, 21: 42-46.

Pelehatyy, A. O., Patytska, Ch. O. 2016. Ways of modernization of financial support for territorial communities development through tasks of administrative territorial reform. Journal Association 1901 “SEPIKE”, 12: 130-133.

Pidkuiko, O. O. 2010. The potential of self-government of the modern territorial community: A theoretical and methodological approach. Theory and Practice of Public Administration, 1: 196-202.

Popova, M. F. 2015. Decentralization of power as a mechanism of community development. Current Policy Issues, 54: 258-264.

Pukhtynskyi, M. O., V. V. Tolkovanov and O. V. Beiko. 2003. European Charter of Local Self-Government and the development of local and regional democracy in Ukraine. LIMO, Kyiv.

Riabushka, L. B. 2014. Integral assessment of socio-economic development of municipalities of European Union member states. Current Economic Problems, 9: 264-271.

Sember, S. V., O. H. Chubar, K. S. Mashiko. 2015. Theoretical approaches to determining the essence of financial capacity and financial resources of the territorial community. Regional Economy, 3: 81-90.

Skica, T., A. Bem and K. Zygadlo. 2013. The role of local government in the process of entrepreneurship development. Rzeszów, 9(4): 1-24.

Smelser, N. J. and L. F. Schnore. 1973. Community. Sociology. McGraw, New York.

Storonianska, I. Z. and A. O. Pelekhatyi. 2015. Directions of modernization of financial support of development of rural territorial communities in the context of tasks of administrative-territorial reform. Finance of Ukraine, 10: 97-108.

Suchyk, T. and A. Kravchuk, 2016. Exit capital tax – the alternative to existing corporatite profit tax. The Ukrainian Journal of Business Law, 11: 24-25.

Taptunova, I. 2016. Transformation of the tax on profits into the tax on the withdrawn capital. European Information and Research Center, Kyiv.

Taxations and Customs. 2021. European Commissions. https://ec.europa.eu/taxation_customs

Tiebout, Ch. 1956. A pure theory of local expenditures. The Journal of Political Economy, 64(5): 461-424.https://dx.doi.org/10.1086/257839.

Trusova, N. 2016. Systemic factors of projected financial potential of business entities. Economic annals – XXI, 161(9-10): 61-65.

Trusova, N. V., I. A. Kohut, S. A. Osypenko, N. G. Radchenko and N. N. Rubtsova. 2019. Implementation of the results of fiscal decentralization of Ukraine and the countries of the European Union. Journal of Advanced Research in Law and Economics, 6(44): 1649-1663.

Trusova, N. V., O. V. Hryvkivska, T. I. Yavorskaya, O. S. Prystemskyi, V. N. Kepko and Yu. A. Prus, 2020a. Innovative development and competitiveness of agribusiness subjects in the system of ensuring of economic security of the regions of Ukraine. Rivista di Studi sulla Sostenibilita, 2: 141-156.

Trusova, N. V., V. P. Synchak, L. V. Borovik, S. V. Kostornoi, I. A. Chkan and I. V. Forkun. 2020b. Fiscal policy in a decentralized space of the financial system of Ukraine. International Journal of Criminology and Sociology, 9: 2891-2904.

Ukrainian Institute for the Future. 2021. https://uifuture.org

Vakhovych, I. and M. Zabediuk. 2011. Research of the endogenous component in the evolution of the conceptual foundations of territorial development. Economic Forum, 2: 96-102.

Vakhovych, I. M. and I. M. Kaminska. 2010. Reserves for increasing the financial capacity of the regions of Ukraine. Current Economic Problems, 3(105): 187-196.

Zabkowicz, A. 2017. Economics and groups: methodological individualism and collective action. Oeconomia Copernicana, 8(1): 7-20.

Zach, D., T. Otten, A. Betliy and R. Juchi. 2017. The corporate income tax or the exit capital tax: analysis and recommendations. German Advisory Group and Institute for Economic Research and Policy Consulting, Berlin-Kyiv.


Full Text: PDF

DOI: 10.33687/ijae.009.00.3969

Refbacks

  • There are currently no refbacks.


Copyright (c) 2021 Larysa O. Vdovenko

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.