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Ukrainian Local Governments’ Finance on the Threshold of a New Millenium: Will Interbudgetary Reform Meet Public Needs?
Author(s) -
Slukhai Sergii
Publication year - 2002
Publication title -
public budgeting and finance
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.694
H-Index - 30
eISSN - 1540-5850
pISSN - 0275-1100
DOI - 10.1111/1540-5850.00080
Subject(s) - ukrainian , revenue , public finance , independence (probability theory) , discretion , economic policy , economics , political science , public administration , finance , macroeconomics , law , philosophy , linguistics , statistics , mathematics
Since independence, market–oriented reforms have been undertaken in Ukraine. Yet, intergovernmental relations are obsolete, remaining as they were in the Soviet time. In fact, Ukrainian subcentral governments have no significant discretion in revenues and expenditures. First, the article delivers an overview of the current system of intergovernmental finance in Ukraine. Second, the article reveals some negative trends in Ukrainian local governments’ fiscal performance through the late 1990s that made a reform of intergovernmental fiscal arrangements timely. Third, the article analyzes recent reform steps as presented by the recent Budget Code, proposing policy options that could strengthen Ukrainian intergovernmental policy.