LOCAL BUDGET REVENUES IN THE CONVENTION OF THE COVID-19 PANDEMIC
DOI:
https://doi.org/10.15330/apred.1.16.180-190Keywords:
united territorial community, the united territorial community budget, united territorial community budget revenues, budgetary decentralization, local budget revenues, pandemic, budget legislation, tax legislation, budget deficitAbstract
An article devoted to the study of the involvement of the structure and identification of trends in the formation of local budget revenues in the context of the coronavirus pandemic (COVID-19). Features of replenishment of the revenue side of local budgets, the main sources of revenue in the process of budget decentralization: data on income of individuals, promotional data, land fees, uniform data and data on real estate, other than land. A number of budget monetary units of the legislation aimed at counteracting pandemics and their impact on the input part of the budgets of the united territorial communities are described.
The receipts of the budgets of the united territorial communities for 9 months of 2019-2020 were analyzed and the impact of the COVID-19 pandemics on the achievement of local budget revenues was assessed.
A detailed analysis of the formation of local budgets' own revenues showed that in terms of local budgets in 2019-2020, the highest growth rate of personal income tax and local taxes and fees in local budgets of the united territorial communities. These results indicate the participation and interest of local authorities in accumulating most of the revenues of the budgets of the united territorial communities, taking measures to find reserves for their revenues in the context of the COVID-19 coronavirus pandemic and the effectiveness of the fiscal role of taxes and fees.
The authors substantiate the directions of overcoming the negative consequences of the COVID-19 pandemic on the revenue side of local budgets through the fiscal mechanism and the settlement of inter-budgetary relations.
The methodological basis of this study are such methods as empirical research (monitoring, comparison measurement); theoretical research (deductive and axiomatic method, idealization); general methods used at the empirical and theoretical level of research (analysis, analogy, abstraction, concretization, synthesis, induction, deduction).
References
2. Volokhova, I.S. “Local taxes and fees in the revenues of local budgets of Ukraine: the consequences of the reforms.” Scientific Bulletin of the International Humanities University. Series: Economics and Management, no.23 (2), 2017, pp.51-54.
3. Lunina, I., & Serebryanska, D. “Deklaratsii ta realii biudzhetnoi detsentralizatsii.” gazeta.dt.ua, gazeta.dt.ua. Accessed 30 Oct. 2020.
4. Inflation Report of National Bank of Ukraine (Apr. 2020 r.). National Bank of Ukraine, bank.gov.ua/admin_uploads/article/IR_2020-Q2.pdf?v=4. Accessed 30 Oct. 2020.
5. Kulytskyi, S. “Problems of economic development in Ukraine caused by the pandemic of the coronavirus COVID-19 in the world, and the search for solutions.” Ukraina: podii, fakty, komentari, no.9, 2020, pp.47-53.
6. Law of Ukraine "On Amendments to Certain Legislative Acts Aimed at Providing Additional Social and Economic Guarantees in Connection with the Spread of Coronavirus Disease (COVID-2019)" dated March 30, 2020 № 540-IX. The Verkhovna Rada of Ukraine,zakon.rada.gov.ua/laws/card/540-20. Accessed 30 Oct. 2020.
7. Zakha, D., Movchan, V., and V.Kravchuk. “The economic impact of the Covid-19 pandemic in Ukraine. Analytical research.” rpr, rpr.org.ua/wp content/uploads/2020/05/GET_UKR_PS_01_2020_ua.pdf. Accessed 30 Oct. 2020.
8. “ILO: Nearly 25 million workers worldwide could lose their jobs through COVID-19.”pon.org.ua pon.org.ua/novyny/7725-mop-mayzhe-25-mlyonv-pracvnikv-u-svt-mozhut-vtratiti-svoyi-robochmscya-cherez-covid-19.html. Accessed 30 Oct. 2020.
9. Official site of Ivano-Frankivsk City Council, www.mrada.if.ua.Accessed 30 Oct. 2020.
10. Law of Ukraine “On Amendments to the Law of Ukraine“ On the State Budget of Ukraine for 2020 ”dated April 13, 2020 № 553-IX. The Verkhovna Rada of Ukraine, zakon.rada.gov.ua/laws/show/553-20. Accessed 30 Oct. 2020.
11.” Monthly report on the implementation of the State Budget of Ukraine for January-April 2020.” Treasury, www.treasury.gov.ua/en/file-storage/misyachnij-zvit-pro-vikonannyaderzhavnogo-byudzhetu-ukrayini-za-sichen-kviten-2020-roku?page=1. Accessed 30 Oct. 2020.
12. Law of Ukraine "On Amendments to the Law of Ukraine" On the State Budget of Ukraine for 2020 "of 13.04.2020 № 553-IX. The Verkhovna Rada of Ukraine, zakon.rada.gov.ua/laws/show/553-20. Accessed 30 Oct. 2020.
13. Fugelo P., and S. Savitska. “The impact of the covid-19 pandemic on the filling of local budgets.” Economic discourse, Issue 2, 2020, pp. 86-94.
14. Dube, Sara, and Carli Dimino. “COVID-19 is a Budget Challenge for States–But There Are Solutions.” www.pewtrusts.org, www.pewtrusts.org/en/research -and аnalysis/articles/2020/05/13/covid-19-is-a-budget-challenge-for-states-but-there-are-solutions. Accessed 30 Oct. 2020.
Downloads
Published
How to Cite
Issue
Section
License
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution NonCommercial NoDerivs 4.0 Unported License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access)