Features of Compiling Proposals for Forecasting the Budgets of the United Territorial Communities

Authors

DOI:

https://doi.org/10.33244/2617-5940.2.2022.6-38

Keywords:

Local Budget, IPK «Local Budget», Limit Indicators of Expenditures, United Territorial Community, Main Managers of Funds, Local Financial Authority, Proposals to the Forecast

Abstract

The forecast of the local budget for the corresponding year is made annually, in accordance with the amendments to the Budget Code of Ukraine. Despite active forecasting processes in 2021, in 2022 this process was temporarily suspended due to martial law. However, the importance of following all methodological recommendations for the preparation of proposals for local budget forecasts is a necessary prerequisite for conducting all stages of the budget process to ensure the needs and interests of all members of the United Territorial Communities (UTC).

Thanks to the information and program complex (IPK) «Local Budget», UTC ensure the implementation of Article 75-1 of the Budget Code of Ukraine, regarding the implementation of medium-term budget planning at the local level through the preparation of proposals for the local budget forecast. The process of drawing up a forecast for the provision of limit indicators to the main managers of funds begins, that is, the local financial body must bring the limits to its main managers of funds (MMF). Within the limits that the local financial body has submitted to the MMF, it can prepare proposals for the local budget forecast.

The automation of the specified process leads to the maximum consideration of the needs of the community in the distribution of estimated marginal indicators of local budget expenditures and the provision of loans from the local budget for the medium-term period.

Author Biographies

О. Гордей, State Tax University

Dr. Econ. of Sciences, professor, professor of the Department of Public Finance

M. Riabokin, State Tax University

PhD, associate professor, Dean of the Faculty of Finance and Digital Technologies

O. Novytska, State Tax University

PhD, associate professor of the Department of Public Finance

Y. Kotukh, State Tax University

PhD, Associate Professor Department of Computer And Information Technologies and Systems

N. Kozii, State Tax University

PhD, Deputy Dean of the Faculty of Finance and Digital Technologies,

State Tax University

Published

2023-02-01

How to Cite

Гордей, О., Riabokin, M., Novytska, O., Kotukh, Y., & Kozii, N. (2023). Features of Compiling Proposals for Forecasting the Budgets of the United Territorial Communities. Збірник наукових праць Університету державної фіскальної служби України, (2), 6–38. https://doi.org/10.33244/2617-5940.2.2022.6-38