BUDGETARY RELATIONS REFORM IN UKRAINE

Abstract

The process of budgetary relations reforming in Ukraine has been assessed in the paper. Drawbacks of the budget reforms implementation have been determined and a number of tendencies and issues affecting functioning of the budgetary system as a whole and its separate parts have been revealed. It has been found that there is a close relation between the volume of local budgets spending and the volume of the gross regional product. The attention has been focused on the increased level of centralization of budgetary funds. The feasibility of diversification of sources of revenues to the local budgets in Ukraine has been justified. The stages of further reforms of inter-budgetary relations in Ukraine have been outlined.