Open AccessSOURCES OF FINANCING URBAN LAND DEVELOPMENT IN UKRAINE
Author(s) -
Оlga Petrakovska,
Mariia Mykhalova
Publication year - 2021
Publication title -
mìstobuduvannâ ta teritorìalʹne planuvannâ
Language(s) - English
Resource type - Journals
eISSN - 2522-9206
pISSN - 2076-815X
DOI - 10.32347/2076-815x.2021.77.388-397
Subject(s) - business , livelihood , finance , population , state (computer science) , property tax , payment , process (computing) , urban planning , economic growth , environmental planning , economics , agriculture , geography , ecology , demography , archaeology , algorithm , sociology , computer science , revenue , biology , operating system
The article considers the sources of financing the development of urban lands in Ukraine. The authors allocated private investments and funds from the state and local budgets. This article considers only the sources of state funding for urban development. Local taxes, including property tax, and land tax, are discussed in more detail. In addition to the above sources, there was a share participation in Ukraine - the only type of direct payment to local budgets aimed at infrastructure development, which has been abolished since 2021. The role of all stakeholders (executive authorities, local governments and territorial communities, investors, land owners / users, business) in the development of urban lands is analysed. The list of stakeholders involved in the process of regulating land development proves that it is a complex process that can only be ensured through the implementation of a targeted strategy by public authorities and the participation of all stakeholders concerned. Today in Ukraine there are no models of direct financing for the development of facilities that ensure the livelihood of the urban population and the needs of the industry. Funds available to local governments come from local taxes and are distributed to various aspects of urban development.