EFFICIENT INTERGOVERNMENTAL FISCAL RELATIONS STANDARD AS A CONDITION FOR EFFECTIVE BUDGETING

Abstract

The functioning of Ukrainian economy determined by regulation of spatial development. Issues of improvement of the socio-economic development have become one of the topical discussion at the present stage of development of the country. The analysis of the intergovernmental fiscal relations countries across the globe will allow to build own model of intergovernmental fiscal relations in Ukraine and also can lead to formulate an effective budget strategy. As an efficient intergovernmental fiscal relations lead to increase the efficiency of public funds’ use, achieve government policy effectiveness, use budget funds properly and efficiently, to increase socio - economic development and optimize the structure of budget expenditure, which is the important condition for restructuring the budget system and democratization of the society.