MODERN CONCEPTS OF BUDGET DECENTRALIZATION

Actuality of the theme of the research. Ukraine's European integration process involves a series of reforms, one of which is budget decentralization. It must ensure the financial autonomy and capacity of local communities in accordance with European standards. The statement of the problem. Carrying out budgetary decentralization reform requires a detailed study of the concept's origins to understand its essence, as well as to compare it with financial and fiscal decentralization. The analysis of the last researches and the publications. Scientists such as M. Bell, V. Bodrov, J. Buchanan, R. Gatti, M. Derkach, R. Musgrave, W. Oates, P. Samuelson, and C. Tiebout, R. Fisman and others have devoted their scientific works to the issues of theoretical substantiation of the provisions of fiscal decentralization. The statement of the purpose the research. The main purpose of the article is to analyze the conceptual provisions of budget, fiscal and financial decentralization and their correlation. Research method or methodology. The research methods that are used in the article include comparative analysis, generalizations, grouping, comparisons, etc. The results of the work. The article deals with the process of becoming a concept of "fiscal decentralization". It is compared with the concept of "financial decentralization", and it is proved that they are synonymous. The concept of "budget decentralization" is considered and its relation with the concept of fiscal and financial decentralization is determined. The advantages and disadvantages of budget decentralization are identified. Conclusions. Thus, the results of the studying show that the concepts of fiscal and financial decentralization are synonymous. Instead, budget decentralization is a component of fiscal decentralization. One of the problems of introducing budget decentralization is the ability of local authorities to abuse their own position, to commit corruption. That's why, it is necessary to establish state financial control at the local level.