Transparency of the budget process as a prerequisite for financial decentralization in Ukraine
The introduction of a qualitatively new type of relationship between citizens and authorities, one in which every person would be guaranteed real observation and protection of the rights and freedoms in these bodies activity, should be one of the priority areas of socio-political transformation in U...
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doaj-698aacdf7af943acb7f31d19e54367ff2020-11-25T01:34:50ZengLLC "CPC "Business Perspectives"Public and Municipal Finance2222-18672222-18752018-06-0171122010.21511/pmf.07(1).2018.0210433Transparency of the budget process as a prerequisite for financial decentralization in UkraineInna Shkolnyk0Tetyana Melnyk1Borys Mershchii2Doctor of Economics, Professor, Head of the Department of Finance, Banking and Insurance, Sumy State University Ph.D., Assistant Director, Revenue Estimating Division, Texas Comptroller of Public AccountsPh.D. Student, Department of Finance, Banking and Insurance, Sumy State UniversityThe introduction of a qualitatively new type of relationship between citizens and authorities, one in which every person would be guaranteed real observation and protection of the rights and freedoms in these bodies activity, should be one of the priority areas of socio-political transformation in Ukraine. The urgency of the improving local finances, the formation of local budgets and the use of their funds is increasing due to changes in local self-government. The article proposes a scientific methodological approach to assessing the level of financial decentralization in Ukraine during the period of the decentralization reform (2014–2017). The universal integral indicator of financial decentralization has been calculated, which has found that local budgets improve public funds management, which is illustrated by the growth of the integral indicator level in dynamics. A number of recommendations are also provided for improving the budget process transparency for each of the components: budget information openness, the state and effectiveness of budgetary supervision, and public participation in the budget process. The idea of the relationship between the budget process transparency and the results of the financial decentralization reform is proposed.https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/10433/PMF_2018_01_Shkolnyk.pdfbudgetary information opennessfinancial decentralizationlocal governmentpublic financepublic participation in the budget processtransparency of the budget process |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Inna Shkolnyk Tetyana Melnyk Borys Mershchii |
spellingShingle |
Inna Shkolnyk Tetyana Melnyk Borys Mershchii Transparency of the budget process as a prerequisite for financial decentralization in Ukraine Public and Municipal Finance budgetary information openness financial decentralization local government public finance public participation in the budget process transparency of the budget process |
author_facet |
Inna Shkolnyk Tetyana Melnyk Borys Mershchii |
author_sort |
Inna Shkolnyk |
title |
Transparency of the budget process as a prerequisite for financial decentralization in Ukraine |
title_short |
Transparency of the budget process as a prerequisite for financial decentralization in Ukraine |
title_full |
Transparency of the budget process as a prerequisite for financial decentralization in Ukraine |
title_fullStr |
Transparency of the budget process as a prerequisite for financial decentralization in Ukraine |
title_full_unstemmed |
Transparency of the budget process as a prerequisite for financial decentralization in Ukraine |
title_sort |
transparency of the budget process as a prerequisite for financial decentralization in ukraine |
publisher |
LLC "CPC "Business Perspectives" |
series |
Public and Municipal Finance |
issn |
2222-1867 2222-1875 |
publishDate |
2018-06-01 |
description |
The introduction of a qualitatively new type of relationship between citizens and authorities, one in which every person would be guaranteed real observation and protection of the rights and freedoms in these bodies activity, should be one of the priority areas of socio-political transformation in Ukraine. The urgency of the improving local finances, the formation of local budgets and the use of their funds is increasing due to changes in local self-government.
The article proposes a scientific methodological approach to assessing the level of financial decentralization in Ukraine during the period of the decentralization reform (2014–2017). The universal integral indicator of financial decentralization has been calculated, which has found that local budgets improve public funds management, which is illustrated by the growth of the integral indicator level in dynamics.
A number of recommendations are also provided for improving the budget process transparency for each of the components: budget information openness, the state and effectiveness of budgetary supervision, and public participation in the budget process. The idea of the relationship between the budget process transparency and the results of the financial decentralization reform is proposed. |
topic |
budgetary information openness financial decentralization local government public finance public participation in the budget process transparency of the budget process |
url |
https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/10433/PMF_2018_01_Shkolnyk.pdf |
work_keys_str_mv |
AT innashkolnyk transparencyofthebudgetprocessasaprerequisiteforfinancialdecentralizationinukraine AT tetyanamelnyk transparencyofthebudgetprocessasaprerequisiteforfinancialdecentralizationinukraine AT borysmershchii transparencyofthebudgetprocessasaprerequisiteforfinancialdecentralizationinukraine |
_version_ |
1725070081090650112 |