ACCOUNTING OF REVENUES AND EXPENDITURES OF THE GENERAL FUND OF LOCAL COMMUNITIES DURING THE PERIOD OF REFORMING THE BUDGET SYSTEM

  • V.G. Goncharova
  • A.V. Koneva
Keywords: financial decentralization, general fund, local budgets, revenues, expenditures, program-target method, budget, cash and actual expenditures

Abstract

The experience of many countries around the world shows that the problems of a particular village, city or street can be effectively solved only at the local level. Financial support for small communities using the system of subsidized equalization is burdensome for the state budget and makes it impossible to develop small towns and villages. In order for the community to have a strong potential for development and effective functioning, there was a need to unite administrativeterritorial units. Enlarged local communities have more management powers and better financial security. Decentralization, as a new phenomenon for our country, is seen as a way of organizing power in the state, in which the formed territorial community has the right to decide on the organization of their work based on their own needs. The process of budget decentralization includes the transfer of authority in the management of revenues and expenditures to local communities in order to increase the efficiency of their use and management. The most important indicator of economic and financial activity of any budgetary institution is the implementation of the budget, which is impossible without the implementation of the expenditure side of the budget. Based on this, it should be noted that the accounting of expenditures is one of the main tasks of financial accounting in a public institution. The article examines the state of decentralization reform in Ukraine, its main achievements and shortcomings; the concepts and the basic aspects of application of the program-target method in budgetary planning are defined; theoretical and practical aspects of the organization of accounting, analysis and control of revenues and expenditures of the general fund of local institutions are considered. The most important indicator of economic and financial activity of any budgetary institution is the implementation of the budget, which is impossible without the implementation of the expenditure side of the budget. Based on this, it should be noted that the accounting of expenditures is one of the main tasks of financial accounting in a public institution. The article examines the state of decentralization reform in Ukraine, its main achievements and shortcomings; the concepts and the basic aspects of application of the program-target method in budgetary planning are defined; theoretical and practical aspects of the organization of accounting, analysis and control of revenues and expenditures of the general fund of local institutions are considered. The most important indicator of economic and financial activity of any budgetary institution is the implementation of the budget, which is impossible without the implementation of the expenditure side of the budget. Based on this, it should be noted that the accounting of expenditures is one of the main tasks of financial accounting in a public institution. The article examines the state of decentralization reform in Ukraine, its main achievements and shortcomings; the concepts and the basic aspects of application of the programtarget method in budgetary planning are defined; theoretical and practical aspects of the organization of accounting, analysis and control of revenues and expenditures of the general fund of local institutions are considered. Based on this, it should be noted that the accounting of expenditures is one of the main tasks of financial accounting in a public institution. The article examines the state of decentralization reform in Ukraine, its main achievements and shortcomings; the concepts and the basic aspects of application of the program-target method in budgetary planning are defined; theoretical and practical aspects of the organization of accounting, analysis and control of revenues and expenditures of the general fund of local institutions are considered. Based on this, it should be noted that the accounting of expenditures is one of the main tasks of financial accounting in a public institution. The article examines the state of decentralization reform in Ukraine, its main achievements and shortcomings; the concepts and the basic aspects of application of the program-target method in budgetary planning are defined; Theoretical and practical aspects of the organization of accounting, analysis and control of revenues and expenditures of the general fund of local institutions are considered.

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Published
2021-08-12
How to Cite
Goncharova, V., & Koneva, A. (2021). ACCOUNTING OF REVENUES AND EXPENDITURES OF THE GENERAL FUND OF LOCAL COMMUNITIES DURING THE PERIOD OF REFORMING THE BUDGET SYSTEM. Financial Strategies of Innovative Economic Development , (2 (50), 28-33. https://doi.org/10.26661/2414-0287-2021-2-50-05
Section
National economy’s market mechanisms of accounting, analysis and audit