UKRAINIAN FISCAL EQUALIZATION: DOES IT NEED AN IMPROVEMENT?
Journal: Bulletin of Taras Shevchenko National University of Kyiv. Economics (Vol.166, No. 1)Publication Date: 2015-03-17
Authors : S. Slukhai;
Page : 45-51
Keywords : fiscal equalization; intergovernmental transfers; public finance;
Abstract
The article states that existing economic and social differences between territories in Ukraine call for use of fiscal equalization instruments. The study shows that implementation of formula-based fiscal equalization has led to a virtually full equalization of differentials in subnational total public revenues and expenditures on the regional level. Findings presented give reasons for reviewing a current fiscal equalization procedure with regard to incorporating into equalization grant allocation formula fiscal incentives for subnational governments.
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Last modified: 2015-11-21 00:15:42