REGULATORY AND LEGAL FRAMEWORK FOR FINANCIAL PROVISION OF THE DEVELOPMENT OF TERRITORIAL COMMUNITIES IN UKRAINE

Abstract

The article presents an analysis of the regulatory and legal framework for the financial support of the development of territorial communities in Ukraine and makes proposals for its improvement. The existing regulatory and legal framework often does not meet the needs of sustainable development of communities, therefore, the issue of reforming the regulatory and legal framework in accordance with new conditions is relevant in order to create a favorable environment for the financial stability of territorial communities.The article determines that the legislative framework in the field of financial support for the development of territorial communities is formed on the basis of a number of regulatory and legal acts, among which the central place is occupied by the Budget Code of Ukraine, the Tax Code of Ukraine, the laws of Ukraine "On Local Self-Government in Ukraine", "On Voluntary Association of Territorial Communities", "On the Principles of State Regional Policy", as well as annual laws on the state budget of Ukraine.It is established that the Budget Code of Ukraine is the main regulatory document that regulates the formation, implementation and control over the use of state and local budgets. The norms of the Tax Code of Ukraine, which defines the taxation system, the principles of tax calculation and administration, as well as the tax powers of local self-government bodies, are considered.It is emphasized that the Law of Ukraine “On Local Self-Government in Ukraine” is the basis for organizing the activities of local self-government bodies. It is emphasized that the Law of Ukraine “On Voluntary Association of Territorial Communities” created the legal basis for the formation of united territorial communities as a key element of the decentralization reform. It is noted that the Law of Ukraine “On the Principles of State Regional Policy” defines the legal and organizational principles for the formation and implementation of state regional policy. Attention is focused on the annual laws of Ukraine “On the State Budget of Ukraine”, which, although they change every year, directly affect the financial situation of territorial communities.Problems in the sphere of regulatory regulation of financial support for the development of territorial communities are analyzed. Proposals are made to improve the situation in this area, taking into account modern challenges and strategic priorities of the state. It is concluded that further improvement of the regulatory framework should be aimed at strengthening the financial independence of communities, increasing the efficiency of budget planning, and expanding opportunities for attracting additional sources of funding.