Open AccessEUROPEAN INTEGRATION PROSPECTS OF FINANCIAL POTENTIAL MANAGEMENT OF SUSTAINABLE DEVELOPMENT OF TERRITORIAL COMMUNITIES
Author(s) -
Maryna Patynska-Popeta
Publication year - 2021
Publication title -
naukovij poglâd: ekonomìka ta upravlìnnâ
Language(s) - English
Resource type - Journals
eISSN - 2706-9079
pISSN - 2521-666X
DOI - 10.32836/2521-666x/2021-75-4
Subject(s) - decentralization , business , sustainable development , revenue , population , quality (philosophy) , financial management , finance , economics , political science , market economy , philosophy , demography , epistemology , sociology , law
The article is devoted to researches of eurointegration prospects of management of steady development of the territorial communities (TC) financial potential. Priority of public policy of decentralization in Ukraine is becoming of mechanism of management development of territories. To ensure sustainable territorial development, the managerial capacity of newly formed communities is important, which is manifested in the ability to provide quality and affordable services to the population. A pressing question are development and input of innovative mechanisms of management of communities financial potential on the best standards of European experience. An analysis of the results of financial decentralization in Ukraine, which shows the strengthening of the financial capacity of TC. Reasonably, that use of new approaches to the formation of management strategies taking into account the concept of sustainable development based on the balance of economic, environmental and social spheres will improve the quality of life of citizens. The peculiarities of the process of strategic territorial development management are described. The role of strategic management of TC development as an effective mechanism to reduce intergovernmental transfers, increase the need to strengthen the resource base of communities by increasing the share of local budget revenues, encourage community participation in the administration of local taxes and fees. The interaction of tools of strategic management of resource provision of local budgets is revealed. It is proved that human capital is a specific reserve of resource provision of territorial communities. It is substantiated that the synergy of civil society institutions and local authorities is an important basis for sustainable development of territorial communities. An algorithm for strengthening the financial potential of TC is proposed. The strategic priorities of managing the financial potential of sustainable development of territorial communities are determined in Ukraine, taking into account the constructive foreign experience.