PROBLEMS OF FINANCIAL DECENTRALIZATION IN UKRAINE

Abstract

The article is devoted to the consideration of the main problems that arise in the process of financial decentralization in Ukraine. Inadequate financial support of local authorities was found. The ways of solving problems and improving financial autonomy of local self-government bodies are offered.

The development of any society is largely determined by the system of multilevel governance, from the central to the municipal. A well-established mechanism of interaction and division of powers is the basis of the stability of any state.

The democratic country guarantees that the people are the bearers of sovereignty and the only source of power in the country. People exercise their power in various ways, including through local self-government bodies.

Now the theme of local self-government development is one of the most urgent in Ukraine.

Political and legal reforms in Ukraine have led to a change in the legal mechanism for regulating the organization and implementation of local self-government in the country. The interest of both science and practice is intensified to the issues of creating an optimal system of local self-government and improving the efficiency of local self-government bodies. One of the most important problems is the financial security of local governments. Effective development of the system of local self-government is impossible without proper support from the state authorities.

If we look broadly at the marked problem of cooperation between the state and local self-government, then it is possible to treat the bodies of state administration and local self-government bodies as elements of a unified system of social management, public power, which provides the vital functions of society as a whole.