The system of local budget revenues of Ukraine is constructed with due account of the need to provide state and local budgets with the appropriate resources to execute their spending powers. Considering the principle of subsidiarity, expenditures are covered from the corresponding oblast or rayon budgets, or from the local self-government budgets (city, AH, rural settlement, village budgets). In this regard, each budget level has sources of income, divided into those fully allocated to the corresponding budgets and those that come to the state and local budgets in accordance with the established norms.
The Budget Code of Ukraine stipulates that budget revenues are tax, non-tax and other irrecoverable payments, stipulated by the legislation of Ukraine (including transfers, fees for the provision of administrative services, own revenues of budgetary institutions).
Budget revenues are classified in the following sections:
The composition of revenues at different levels of local budgets and norms for the entry of revenues to the corresponding budgets are determined by the Budget Code.
Types of interbudgetary transfers are defined in Articles 96 and 97 of the Budget Code. The directions and peculiarities of the use of certain types of subventions are established by Articles 102-105 of the Budget Code.
Taking into account the changes that have come into force in 2018, the experts of the Financial Monitoring Group of the Central Reform Office under MinRegion (with the support of the U-LEAD with Europe Programme and SKL International) prepared informational and methodical materials “Sources of local budget revenues (2018)”.
The full version is available in Ukrainian – please click HERE
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