FINANCIAL INSTRUMENTS FOR PROVISION OF SUSTAINABLE ECONOMIC GROWTH OF TERRITORIAL DEVELOPMENTS

The problems of formation of revenues of local budgets are investigated in the article. It has been es- tablished that significant centralization has affected the reduction of financial independence of local self- government bodies. Changes in the management of local budgets caused by the introduction of a decentra- lized model encourage local self-government bodies to attract additional financial resources and form a cer- tain economic potential. The feasibility of introducing a public-private partnership through the application of different methods and tools based on the form of interaction of project participants is substantiated. Such cooperation requires the organization of complex, mixed private-public structures that can provide large- scale infrastructure projects with resources. The advantages of project financing of economic development of territories in the framework of public-private partnership (PPP) are revealed. In order to ensure the financial attractiveness of projects implemented on the basis of public private partnership and aimed at ensuring the sustainable economic development of regions, it is recommended to use organizational models such as DBFO (Design, Build, Finance, Operate) and DBO (Design, Build, Oper- ate).