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UKRAINIAN FISCAL EQUALIZATION: DOES IT NEED AN IMPROVEMENT?

Journal: Bulletin of Taras Shevchenko National University of Kyiv. Economics (Vol.166, No. 1)

Publication Date:

Authors : ;

Page : 45-51

Keywords : fiscal equalization; intergovernmental transfers; public finance;

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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.

Last modified: 2015-11-21 00:15:42