TENDENCIES OF LOCAL BUDGET FORMATION AND EXECUTION IN UKRAINE IN THE CONTEXT OF REFORM OF THE BUDGETARY SYSTEM

Abstract

Development of Ukrainian economy during the last years is connected with a set of macroeconomic, political and social problems. The budgetary reform proclaimed in Ukraine which assumes decentralization of powers and sources of formation and execution of local budgets may be concerned as one of the ways of their solvation. It is likely to provide at the same time an improvement of balance of interests between the center and regions, an increase in financial responsibility of regions, and improvement of quality of the budgetary policy.