Financial and budgetary decentralization ? the European choice of Ukraine

The article displays the essence and types of decentralization of public finances on the basis of influence and construction methods, describes the content of financial and budgetary decentralization, defined revenues and costs decentralization and also procedural and organizational autonomy as its main components, proposed a function that can assess effectiveness of , financial and budgetary decentralization in accordance with the main indicators, reviewed Scandinavian, Latin and Hanover European models of decentralization of the public area and also determined place of financial and budgetary decentralization in Ukraine which is growing nowadays