Socio-economic development of the united territorial community within the conditions of financial decentralization

Abstract

This article researches scientific and applied aspects of decentralization and outlines methodical approaches to the analysis of socio-economic development of communities. The work looks into the peculiarities of the united territorial community formation based on the example of Truskavets UTC. It proves that reforming of the territorial organization of power proves to be the effective mechanism for stimulating economic activity as well as developing of effective strategies for regional and local development. The changes in the budgetary policy in accordance with the new approaches in the management of administrative-territorial entities are illustrated. The article identifies the results of activities in the current and perspective plans of Truskavets united territorial community based on such indicators as the average amount of own revenues, local taxes and levies, the percentage of administrative office costs in own resources. It also substantiates the main priorities of Truskavets UTC in the context of current conditions and establishes the principles of financial support of the united territorial communities’ activity, which is an integral part of their financial capacity.