FINANCIAL INSTRUMENTS TO FORMING OF POWERFUL TERRITORIAL COMMUNITIES

Abstract

Summary. The article deals with approaches to the formation of capable territorial communities, in which local sources of budget filling, infrastructure and human resources are sufficient for solving local government issues of local importance, envisaged by law, in the interests of community residents.
The composition of financial instruments that are at the disposal of local governments for ensuring socio-economic development of territories is determined. Particular attention is paid to the issues of the formation of budget resources, in particular, the tax revenues in terms of administration and payment of personal income tax and land fees.
The peculiarities of the calculation and payment of personal income tax in modern conditions are considered. The main problems of taxation of incomes in the form of wages and renting of a land plot (share) are allocated.
The emphasis is on the transfer of state-owned agricultural land to the communal property of the respective united territorial communities, which will enable to clearly and transparently form an income part of local budgets in terms of land fees and encourage territorial communities to volunteer them.
In addition, features of the use of credit, investment and grant instruments for ensuring socio-economic development of territories are determined. It is determined that the success of the socio-economic development of the united territorial communities depends on the professional combination of all financial instruments at the same time, since the budget resources are limited.
It is concluded that today's challenge for self-government bodies of the united territorial communities is to find opportunities for maximizing the use of financial potential of the territory and the manifestation of business activity, how many local governments gradually receive all the powers necessary for the formation of a capable territorial community, provided all the necessary conditions for this purpose are fulfilled.