Institutional provision of independent region’s development in terms of management decentralization

The necessity to improve current legal bases in forming new state regional policy in terms of decentralization policy is grounded. Proposals implying new directions of state policy in terms of economy management decentralization aiming to provide regions with more independence are given. In Ukraine independence of regional management objects, set by legislative acts is not fully used. Experience of local authorities’ activity confirms the tendency of increasing functions, that are performed by means of delegating significant amount of responsibilities and management functions to lower levels. Currently Constitutional reform is being formed. In accordance with the reform the problems and responsibilities that are to be solved on regional level concern themselves with socio-economic policy in regional planning, forecast, technical management development, social sphere management, credit-financial and external economic activity with gradual giving the state coordination role, inter-correspondence of the interests of all the members of regional management process. State regulation of regional development is to provide regulating functions: economic growth stimulation, rational usage of human resources potential, provision of progress in branch and territorial systems, support of products and services export, the main aim of regional development state regulation is to provide economic and social stability, local production protection in international market, property relations regulation, independent development of every region.