The development of small business as a source of formation of local budget revenues in Ukraine

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The timeliness of the research is conditioned by the need to analyze the development of small business as an indicator of the development of the middle class, which characterizes the socio-economic level of the country in general and contributes to strengthening its financial situation. The article contains the analysis of the small business development and its influence on the formation of local budget revenues in Ukraine. Based on the correlation and regression analysis, the statistical series of the sales volume of small business was aligned, taking into account changes in the legislation for the criteria for the small business definition in 2008 and in 2012. The correlation between the sales volume of the small business and the local budget revenues of Ukraine is analyzed. In order to evaluate the certainty of the small business development trends and its impact on local budget revenues, the same analysis was done on the basis of the indicators calculated in the currency equivalent.

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    • Figure 1. The sales volume of small business and the portion of small business in the sales volume of Ukraine in 2000–2016
    • Figure 2. The sales volume of small business of Ukraine in 2000–2016 taking into account the changes in legislation in 2008 and in 2012
    • Figure 3. Adjusted statistical set of data of small business sales volume in 2000–2016 calculated in national currency and in dollars
    • Figure 4. Linear relationship between the revenues of local budgets of Ukraine and the sales volume of small business, taking into account changes in legislation in 2008 and 2012
    • Table 1. Sales volume of small business during 2000–2006, adjusted for 2006