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Financial Equalization Of Territorial Development

Author

Listed:
  • Iryna ANTOKHOVA

    (Yuriy Fedkovych Chernivtsi National University, Ukraine)

  • Vita BINDYU

    (PHEI "Bukovinsky University", Ukraine)

  • Lilia POPEL

    (PHEI "Bukovinsky University", Ukraine)

Abstract

In the process of budgetary regulation and financial equalization of the development of territories an important role is played by intergovernmental relations, that arise between budgets of different levels. The transfer mechanism of the distribution of budgetary resources provides a balance between the revenue and expenditure part of local budgets. Implementation of fiscal decentralization improves intergovernmental fiscal relations, which is ensured by horizontal alignment of the income and expenditure part of local budgets and guarantees their financial autonomy.

Suggested Citation

  • Iryna ANTOKHOVA & Vita BINDYU & Lilia POPEL, 2018. "Financial Equalization Of Territorial Development," The USV Annals of Economics and Public Administration, Stefan cel Mare University of Suceava, Romania, Faculty of Economics and Public Administration, vol. 18(1(27)), pages 58-62, June.
    • Handle: RePEc:scm:usvaep:v:18:y:2018:i:1(27):p:58-62
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