FINANCIAL PROVISION OF UNITED TERRITORIAL COMMUNITIES

Abstract

The purpose of this study is to highlight the main problems that arise in the financial provision of UTCs, as well as to develop recommendations for their solution. To achieve this goal, it is necessary to conduct an analysis of the state and number of  UTCs today, analyze the problems that arise during their operation and determine possible directions for solving these problems. It was determined that local finances play an extremely important role in the life of society, as it is an objective form of economic relations at the level of administrative-territorial units, the main driver of socio-economic development of regions. Given the relevance of this topic among Ukrainian scientists, the peculiarities of their interpretation of the essence of "financial support of united territorial communities" were considered. The dynamics of revenues of local budgets of Ukraine for 2022 by types of revenues was analyzed. Revenues to the budgets of local communities decreased significantly in the first months of the war, but gradually recovered during the stabilization of the situation in the country. Taking into account the research of domestic scientists on the problems and ways of solving them in the context of financial provision of territorial communities, the own vision of modern problems and ways of solving them is provided. It was emphasized that financial support of united territorial communities can be a difficult task, especially in conditions of limited resources and economic challenges. To solve these problems, the UTCs can consider a number of ways, such as rationalizing expenses, developing the economy and attracting new sources of income, attracting external sources of funding, trying their hand at obtaining grant funds, strengthening financial discipline and openness. It is also important to promote the development of local entrepreneurship, expand opportunities for increasing tax revenues, and seek cooperation with various financial organizations and experts. Also, an important and basic condition for a country that is a candidate for joining the EU is the involvement of the public in the decision-making process regarding the financial provision of the community, which will contribute to greater openness, interaction and responsibility in the management of the finances of the UTCs.