PROBLEMS AND PROSPECTS OF FORMING BUDGET REVENUES IN UKRAINE IN THE CONTEXT OF DECENTRALIZATION

Abstract

The effective functioning of a multi-level budget system is essential for addressing important socio-economic tasks, including the country's economic development and the quality of life of its population. One of the main directions of Ukraine's development as a country with a democratic structure is the improvement of the population's welfare. Therefore, one of the key reforms in Ukraine has been the decentralization reform, aimed at creating effective local self-government capable of ensuring favorable living conditions for citizens and providing accessible and high-quality public services. The purpose of the article is to identify the main trends in the formation of budget revenues of Ukraine under the influence of the decentralization reform, and to identify further prospects for reform.

The article examines the financial decentralization reform in Ukraine and its impact on the formation of budget revenues. It analyzes and systematizes the main trends in the revenues of the State and local budgets of Ukraine, their structure, and the level of centralization of the state's financial system over the last ten years. The research results are presented graphically for better visualization. The study also explores the possibilities of enhancing work with large taxpayers who provide a significant amount of tax revenues to the budget. Special attention is paid to examining the impact of external negative factors, particularly the armed aggression against Ukraine, on the research subject. The authors propose possible directions for deepening the reforms to overcome contradictions and further develop both individual regions and the entire state.