Onyshchuk S. Ways to strengthen the financial potential of territorial communities

The paper elaborates and analyzes the theoretical foundations of the financial potential of territorial communities. In particular, theoretical approaches to determining the essence of the financial potential of a territorial community are deepened. It is proposed to interpret the concept of "financial potential of a territorial community" as an integrated ability of a territorial community not only to mobilize existing financial resources, but also to generate new opportunities for obtaining economic effects or public benefits. The emphasis is on the importance of applying the security location criterion in the classification of territorial communities (front-line, central and rear communities) and determining approaches to assessing their financial potential. It is proposed to classify sources of financial resources by the degree of complexity of their attraction (medium and high complexity, including asset monetization, targeted subventions and grants) and by the level of impact on financial stability (high, medium, low), and groups of financial resources within each level are also defined. The prerequisites for assessing the financial potential of territorial communities have been analyzed and systematized, among which the main ones are: economic theories (fiscal decentralization, sustainable development), management concepts (budgetary decentralization, budgetary capacity) and methodological approaches (resource, functional, systemic, quantitative). The main stages preceding the assessment of the financial potential of territorial communities and structuring the analysis process have been identified, namely: defining goals and objectives, collecting information, analyzing community capacity, choosing an assessment methodology and identifying external factors. The reasons for the slowdown in the growth of own revenues of territorial communities and the growth of local budget revenues have been identified, which became the basis for developing proposals to revise the model of personal income tax crediting by directing it to the payer's place of residence. The use of regression analysis of the dependence of own revenues of territorial communities on personal income tax revenues, local taxes and fees, and official transfers made it possible to emphasize the existence of such a dependence. The application of a three-vector monitoring system for threats to the financial potential of territorial communities, covering the revenue and expenditure parts of the budget, as well as the socio-economic environment, is proposed. An anti-crisis strategy for financial risk management has been developed, which provides for tactical measures to diversify sources of budget revenues, create specialized reserve funds, and use a cloud environment for storing financial information. Problems in the development of international cooperation between territorial communities of Ukraine and foreign partners have been identified, the main reasons for which are the institutional, personnel and operational unpreparedness of local government representatives. The negative impact on such cooperation of the low qualification of territorial community employees in the field of project management has been emphasized, which significantly hinders international cooperation between territorial communities, narrows opportunities for obtaining additional financial resources, and also leads to inefficient use of the funds raised. The need for the implementation of a systematic step-by-step strategy for international cooperation is substantiated, which consists of the following stages: preparatory (comprehensive assessment of institutional readiness), active (project management and partnership formation) and implementation (ensuring transparency and timely reporting).