Бюджетний федералізм у фінансовій системі держави: моделі та принципи
Budgetary federalism in financial sector: models and principles

Summary/Abstract: The paper deals with the issues of interbudgetary relations and particularly with the problems of introducing budgetary federalism into the financial sector. Theoretical and practical aspects of the formation of interbudgetary relations on the level of territorial communities are researched. The analysis of incomes and expenditures of local budgets during the period of independence of Ukraine is fulfilled.As a result of research, the main principles of budgetary federalism are determined and characterized; different models of budgetary federalism distinguished by Ukrainian and foreign scientists are researched; the consolidated budget of Ukraine for twenty years if independence of Ukraine is analyzed; the range of problems related to the introduction of budgetary federalism in Ukraine is elucidated as well as the perspectives of overcoming difficulties concerning the introduction of budgetary federalism in Ukraine are characterized. Summarizing above-mentioned we can make a conclusion that the further budgetary decentralization must occur after changes in the system of state governing, social protection and tax system, and for this purpose the main issues of introducing budgetary federalism in Ukraine such as a broad range of social responsibilities declared by the state, uneven rates of social and economic development of regions, insufficient volume of incomes of local budgets, a high subsidy level of local budgets must be solved.

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