FOREIGN EXPERIENCE OF FINANCIAL SECURITY OF LOCAL GOVERNMENT IN THE CONDITIONS OF BUDGET DECENTRALIZATION

Abstract

The article examines the foreign experience of financial support of local government in terms of budget decentralization. Continuation of negative phenomena in the economy, which results in a deficit of budget resources, requires a constant search for sources of replenishment of local budgets and the introduction of new approaches to the management of financial resources at the state and local levels. The theoretical and practical aspects of the formation and use of financial resources of local budgets, the development of financial decentralization are devoted to the work of such domestic researchers as S. Dyachenko, J. Kazyuk, O. Kyrylenko, I. Lunina, N. Melnychuk, S. Romanyuk, V. Oparin, V. Fedosov, S. Yuri and others. However, despite the significant number of publications on the outlined problems, many issues related to the management of financial resources of local budgets in the context of decentralization remain insufficiently studied. The purpose of the study is to analyze the processes of financial resources management of local budgets in the context of decentralization and to develop practical recommendations for the management of local budget resources. Foreign experience of financial support of local self-government in the conditions of budget decentralization will help to solve the set problems competently.