Domestic Practice and Foreign Experience of Budget Relations on the Level of Local BudgetsJournal
: Accounting and Finance (Vol.1, No. 67)
Publication Date: 2015-03-30
Authors : Petro Borovyk; Oleksandr Rolinskyy; Kateryna Mazur;
Page : 51-57
Keywords : local budgets; incomes of local budgets; local taxes; interbudgetary transfers; decentralization of budget resources;
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The existing system of budget relations on the level of local budgets in Ukraine has essential drawbacks mainly owing to excessive centralization of budget resources. Purpose of the article is comparative analysis of features of existing budget mechanisms in Ukraine and other countries of the world, and using this as a basis, drawing up of recommendations for introduction of the best elements of foreign budget systems into domestic practice.
To solve the majority of local budget problems, the authors bring up the following proposals: 1) to exempt from real estate tax the flats with area up to 120 m2 and dwelling houses with area up to 250 m2; 2) to return to the procedure of distribution of mobilized tax on incomes of physical persons when 75 % of mobilized tax amounts remain in disposal of budgets of villages, cities of district and oblast subordination, as well as districts, 25 % - in oblast budgets and 50 % in the budget of Kiev; 3) to extend powers of local communities for imposition of new local taxes and charges and their administration; 4)to establish compulsory contributions for health care in environmentally unfriendly regions; 5) to stimulate development of small and medium business by elaboration and implementation of local budgetary programs and their support; to legislate against practice of subventions in Ukraine and restrict transfers of other types.
Last modified: 2015-05-14 17:21:35