NATURE AND CLASSIFICATION ASPECTS OF LOCAL BUDGET REVENUES

Oksana Vinnytska ()
Additional contact information
Oksana Vinnytska: Department of Finance, National Academy of Statistics, Accounting and Audit, Ukraine

Baltic Journal of Economic Studies, 2015, vol. 1, issue 2

Abstract: The purpose of the article is to determine the essential characteristics of local budgets and justify their classification aspects. Methodology. In the course of writing used general scientific and special methods of knowledge: dialectical and systemic-functional - to summarize the theoretical concepts of income of local budgets; analysis and synthesis - to detail the subject of research and study its components; logic synthesis - to justify approaches and proposals for the formulation of local budgets. Results. Proved that today there is no single view on the interpretation of economic categories "revenues of local budgets". A refined concept of "local budget revenues" from the standpoint of material content, form, organizational structure and nature of local budgets. Local budget revenues determined as part of the financial resources of society, which is accumulated by local authorities to enforce their tasks and functions to implement current and future challenges of social infrastructure in the regions. Proved that the revenues of local budgets are derived from their own, and assigned to the established order of state taxes, fees and other mandatory payments. The main feature of their own revenues is the direct subordination of local government. The main feature is the fixed income long-term nature of their attachment to the appropriate budget. Value/originality. Proved that the presence in the economic literature of different classification criteria of local budget on various grounds provides multi classification that reflects all the features of the formation, use and functional differences revenues of local budgets. This approach provides the basis for improving the functioning of the theoretical foundations of the budget process in Ukraine at the level of local authorities.

Keywords: fiscal policy; government revenues; budget revenues; revenues of local budgets; tax revenues; types of income; classification of incomes (search for similar items in EconPapers)
JEL-codes: E62 E63 E64 (search for similar items in EconPapers)
Date: 2015
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.baltijapublishing.lv/index.php/issue/article/view/31/35 (application/pdf)
http://www.baltijapublishing.lv/index.php/issue/article/view/31 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bal:journl:2256-0742:2015:1:2:3

DOI: 10.30525/2256-0742/2015-1-2-18-22

Access Statistics for this article

Baltic Journal of Economic Studies is currently edited by Anita Jankovska, Managing Editor

More articles in Baltic Journal of Economic Studies from Publishing house "Baltija Publishing"
Bibliographic data for series maintained by Anita Jankovska ().