Practical aspects of the analysis of the formation of budget revenues of the territorial community of the city

Abstract

The study is devoted to the consideration of practical aspects of the analysis of the formation of the budget of the territorial community of the city. It is emphasized that an important role in the system of ensuring the sustainable development of territorial communities today is assigned to the mechanism of ensuring their financial capacity, the successful functioning of which makes it possible not only to prevent a financial crisis, but also to a large extent to rid the territory of the dependence on the use of the involved financial resources, to accelerate the pace of their sustainable development . The financial capacity of the territorial community of the city today is determined by the efficiency of the revenue generation of the corresponding local budget. The author focused attention on the need for a detailed, comprehensive analysis of the formation of the budget of the territorial community of Khmelnytskyi based on the study of the level of implementation of revenues in terms of general and special budget funds. The structural structure of the territorial community's budget revenues was appropriately analyzed according to the main sources of their formation according to the Budget Code of Ukraine: tax revenues, non-tax revenues, revenues from capital transactions and official transfers. An assessment of the dynamics of sources of revenue formation of the territorial community budget of Khmelnytskyi for 2017-2021 is provided. The work revealed that the main source of revenue formation of the studied local budget is tax revenue. Therefore, the author analyzed the structure of tax revenues of the city's territorial community budget and tracked their dynamics in terms of direct and indirect tax revenues. Taking into account the transfer of significant functions of the state to the local level, such sources of income formation of the territorial community's budget as interbudgetary transfers (subsidies and subventions), the dynamics and structure of which have been studied by the author for 2017-2021, become important. It is noted that a detailed analysis of the income formation of the territorial community's budget makes it possible to identify potentially important sources of income increase in order to fully finance the needs of the territorial community of the city in the provision of socially necessary services.