Assessment of quality of financial support for local social development in Ukraine
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Author(s)Inna ShkolnykLink to ORCID Index: https://orcid.org/0000-0002-5359-0521
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Borys MershchiiLink to ORCID Index: https://orcid.org/0000-0002-4831-6907
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Tetyana Melnyk
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DOIhttp://dx.doi.org/10.21511/pmf.07(4).2018.03
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Article InfoVolume 7 2018, issue #4, pp. 19-28
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Creative Commons Attribution 4.0 International License
The article proposes a way of determining the future directions of financial support for the social development needs. To this end, the Tintner method of consecutive differences is used. The practical application of this method allows for pre-selecting the best curve that describes the level of financial support for social needs. The model off inancial support for local self-government is determined. The adequacy of funding for the needs of local budget social development is analyzed. The share of expenditure of local budgets in Ukraine on health care, intellectual and physical development, education, social protection and social security is described. A number of challenges when it comes to financial support are considered, both from a theoretical perspective and those confirmed by actual calculations.
- Keywords
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JEL Classification (Paper profile tab)P43, E60, E63, H70, H40
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References24
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Tables4
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Figures2
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- Figure 1. Financial support for the social development needs of local budgets in Ukraine for 2009–2018, %
- Figure 2. Dynamics of inter-budgetary transfers share in the total local budget revenues for 2009–2018, %
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- Table 1. The share of social development expenditure in the total expenditures of local budgets in Ukraine for 2011–2018, %
- Table 2. Financial support models for local self-management
- Table 3. Indicators to assess the financial support model for local self-government for 2012–2018, %
- Table 4. Indicators of differences (increases) of social development expenditure for 2003–2018, UAH mln
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The efficiency of electronic public procurement system in Ukraine
Inna Shkolnyk ,
Alina Bukhtiarova ,
Ludmyla Horobets
doi: http://dx.doi.org/10.21511/pmf.07(3).2018.05
Public and Municipal Finance Volume 7, 2018 Issue #3 pp. 43-55 Views: 1210 Downloads: 42 TO CITE АНОТАЦІЯPublic procurement has been the subject of research for a long time in the work of scientists from both the economically developed countries and those undergoing the transformation of public finances. Their research comes from different points of view, namely from the essence of the definition, the process of their conduct, the problems of the legislative framework to their effective implementation. In addition, the issue of electronic public procurement, which can greatly enhance the transparency of this process and reduce the level of corruption inherent in this area in all countries without any exception, is becoming increasingly relevant in recent times.
Based on the conducted analysis, the article proposes the definition of the term of public procurement, defines the principles of public procurement as a controlled subject in the electronic environment of their conduct, and systematizes the basic indicators characterizing the effectiveness of public procurement. Based on the Granger causality method, an analysis of efficiency was performed and the basic indicators determining the level of savings in the public procurement system were determined. It is established that the use of Granger causality in changing the amount of savings in the system of public procurement gives only a quantitative characteristic. For a more complete picture quantitative analysis is supplemented with qualitative parameters. -
Business angels as an alternative to financial support at the early stages of small businesses’ life cycle
Nataliya Pedchenko ,
Victoria Strilec ,
Galina M. Kolisnyk ,
Mariia V. Dykha ,
Serhiy Frolov
doi: http://dx.doi.org/10.21511/imfi.15(1).2018.15
Investment Management and Financial Innovations Volume 15, 2018 Issue #1 pp. 166-179 Views: 1089 Downloads: 147 TO CITE АНОТАЦІЯIn the process of small business establishment and development, it is very important to understand both the financial needs of entrepreneurs and the main obstacles and difficulties arising in the way of financing. Alternative sources of financial support, along with traditional ones, create opportunities to increase funds, but the solution to the issue of their attraction should be based on modern effective methods and decision- making technologies. The article uses the decision tree method to determine the optimal alternative to financial support of small business at the early stages of the life cycle. The results highlight the importance of alternative source of resources for small business entities, namely business angels’ means. The empirical and statistical analysis confirms that access to alternative sources of financing for small businesses in EU countries is improving, while in Ukraine, informal financing is a rather new and underdeveloped area. Based on the analysis of the advantages of using the business angels’ funds, it was concluded that they need to implement their potential in small business of Ukraine. The results show that the decision tree method is an effective tool for deciding on the prioritization of a financial alternative to the small business, and is characterized by ease of use, forecast precision and problems solution novelty.
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Transparency of the budget process as a prerequisite for financial decentralization in Ukraine
Inna Shkolnyk ,
Tetyana Melnyk ,
Borys Mershchii
doi: http://dx.doi.org/10.21511/pmf.07(1).2018.02
Public and Municipal Finance Volume 7, 2018 Issue #1 pp. 12-20 Views: 848 Downloads: 37 TO CITE АНОТАЦІЯThe introduction of a qualitatively new type of relationship between citizens and authorities, one in which every person would be guaranteed real observation and protection of the rights and freedoms in these bodies activity, should be one of the priority areas of socio-political transformation in Ukraine. The urgency of the improving local finances, the formation of local budgets and the use of their funds is increasing due to changes in local self-government.
The article proposes a scientific methodological approach to assessing the level of financial decentralization in Ukraine during the period of the decentralization reform (2014–2017). The universal integral indicator of financial decentralization has been calculated, which has found that local budgets improve public funds management, which is illustrated by the growth of the integral indicator level in dynamics.
A number of recommendations are also provided for improving the budget process transparency for each of the components: budget information openness, the state and effectiveness of budgetary supervision, and public participation in the budget process. The idea of the relationship between the budget process transparency and the results of the financial decentralization reform is proposed.
