Karamushka L. Funding for local government (example of Kiev Oblast)

The structural-functional model of financial support for local governments, which includes tools and instruments of financial regulation, which will allow to ensure the effectiveness of the financial potential areas, strengthen financial self-sufficiency of local budgets for the appropriate areas of economic development of the local community. A methodological bases of financial support for local governments, based on the integration of financial and economic components, institutional architectonics of local budgets. Improved institutional framework of the mechanism of financial support for local governments to strengthen the interest of local authorities in raising their own revenues; approaches to identifying areas of strengthening financial support for local government in terms of economic transformation; provisions on the revenue and expenditure of the consolidated budget of the region in the system of budget planning. Overview and systematized approaches to the financial support of local governments in developed and transitional economies. Developed methodological principles of medium-term planning of local budgets, approaches to improve the efficiency of budgetary adjustment tools taking into account the decentralization process, ensuring coordination of interests of the state and local communities, create appropriate financial conditions for the implementation of local government and delegated powers.