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EXTRA BUDGETARY INSTRUMENTS OF THE FINANCIAL SUPPORT OF SOCIOECONOMIC URBAN DEVELOPMENT: THE INSTITUTIONAL ASPECT

Journal: University Economic Bulletin (Vol.1, No. 26)

Publication Date:

Authors : ;

Page : 171-176

Keywords : European funding; financial support; municipal and private partnership; inter-municipal cooperation; cross-border cooperation; civil society projects and the EU;

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Abstract

Powerful extra budgetary management tools of socioeconomic development is the cooperation of local authorities and businesses in the form of municipal-private partnerships, especially concessions for the implementation of infrastructure projects, as well as inter-municipal cooperation, the essence of which is that the local governments of neighboring communities can unite their efforts if it helps to improve the effectiveness of work: to provide certain services to the public and to save material (financial) resources together. The IMC has many advantages, but its establishment in Ukraine depends on its legislative regulation, adopting a special law and making certain provisions of the Budget Code. Cross-border cooperation is also an opportunity to get additional financial resources for the implementation of important local projects. An important factor in social and economic development spheres at present is to promote the role of the territorial community in this process, as well as the active involvement of civil society to monitor and control the formation and implementation of such a policy of financial security of cities that more is formed locally in the interests and aspirations of the local community, it demands greater transparency and accountability to the local authorities, public participation in setting priorities for the development and evaluation of service quality. Acquisition of the associate membership of the European Union provided Ukrainian cities and regions with a real possibility of participating in a number of projects and programs of the European Union direct European funding. It requires public authorities at the local level to intensify work in areas related to organizational and managerial, institutional and legal, representative and provide comprehensive information activities of the local government organization to represent the interests of cities of Ukraine European Union. Conclusions. Essential changes in the legislation and activation of the organs of local self-government efforts are required to solicit financial resources for and facilate socioeconomic urban development as advantages of the municipally-private partnership and cooperation, frontal cooperation, institutes of civil society, and also search of broader possibilities of Ukrainian cooperation with the European structural funds.

Last modified: 2016-06-25 18:17:49