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State Fund of Regional Development: Problems and Ways of Functioning Improvement

Author

Listed:
  • Svitlana Pukhyr

    (Lviv Banking Institute of the NBU Banking University, Lviv, Ukraine)

Abstract

The article is devoted to the analysis of the functioning of the State Fund of Regional Development (SFRD) and to the improvement of approaches to the formation of consumption requirements at the regional level during the implementation of capital investments in the infrastructure of local significance from the state budget resources. Legal and regulatory framework of the State Fund of Regional Development was disclosed. It was made the analysis of the scope dynamics of the State Fund of Regional Development for the period from 2012 to 2016 and the composition of objects to which funds was allocated. It was revealed that due to imperfect budget allocation procedure the excessive fragmentation takes place. Special attention is paid to the criteria for allocation of SFRD funds between regions. The suitability of using an index of regional human development in the allocation of SFRD funds was justified. It was proposed to establish appropriate funds for regional development in the regions and to give regions the opportunity to carry out the preparation, evaluation, selection and approval of investment programs and projects in accordance with the procedure established by the legislation in accordance with the procedure established by the legislation.

Suggested Citation

  • Svitlana Pukhyr, 2016. "State Fund of Regional Development: Problems and Ways of Functioning Improvement," Oblik i finansi, Institute of Accounting and Finance, issue 3, pages 159-165, September.
    • Handle: RePEc:iaf:journl:y:2016:i:3:p:159-165
    as

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    File URL: http://www.afj.org.ua/pdf/418-derzhavniy-fond-regionalnogo-rozvitku-problemi-ta-shlyahi-udoskonalennya-funkcionuvannya.pdf
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    File URL: http://www.afj.org.ua/en/article/418/
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    More about this item

    Keywords

    state fund of regional development; budget resources; investment project; indicative amount; state budget;
    All these keywords.

    JEL classification:

    • H57 - Public Economics - - National Government Expenditures and Related Policies - - - Procurement
    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures

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