ACTIVITIES, CONDITION AND CHALLENGES OF OTG IN THE CONDITIONS OF BUDGET DECENTRALIZATION

The article is devoted to an important issue of today — the activities, development and unification of territorial communities, decentralization of budget management, the transfer of power to higher levels — lower. Attention is paid to the impact of decentralization on the development of local self-government, the positive and negative aspects of decentralization as of 2019–2020 and the analysis of activities during 2014–2020 are considered. Also, the state of OTG after the beginning of the reform and the impact of legislation on regional development are analyzed. The article also reflects the dynamics of total revenues. Much attention is paid to the problems of creating a revenue base for filling local budgets to meet the needs of the population and finding a reserve for filling. The issue of united territorial communities is not the first place among the discussions of financial analysts and among the general population. The rapid transition from a centralized type of budget management to decentralization indicates an increase in the capacity of local governments and maintaining their independence. Decentralization should allow for effective coordination of policy development and implementation in many functions, such as education, health, etc., as areas that are properly addressed and managed for change become effective. Effective decentralization reform requires significant efforts to bring about change, as there are a number of challenges to the growth of the community, the creation of an effective open political system, and the well-being of every citizen. Decentralization should lead to every community being innovative and creative in all aspects — new health services and policies, education systems, tax legislation, administrative resources, etc. Therefore, the issue is relevant and requires detailed study. Analyzing the impact of decentralized processes on local budgets of Ukraine, much attention is paid to the problems of creating an income base for filling local budgets and finding a reserve for filling. Also in the article we will analyze the actual revenues of the general fund of local budgets of Ukraine during 2013–2019, reflect a significant increase in total revenues.