Impact of the development level of the Black Sea region on the directions of implementation of fiscal policy

Inna Oleksandrivna Irtyshcheva, Dmytro Volodymyrovych Krylenko


The influence of the level of development of the Black Sea region (on the example of Mykolaiv, Odessa and Kherson regions) on the directions of implementation of the fiscal policy of the state is investigated.

The results of the analysis prove that the most favourable conditions for economic activity in the Black Sea region have been created. High-quality service of payers and good business attitude to paying taxes are provided. The key to economic stability and economic security is the high level of responsibility of business in the region. Improvement of conditions for doing business has led to the increase in the revenue side of the region and to the increase in revenues to the local budget. It has provided an opportunity for local governments to allocate additional funds to finance the social and cultural sphere of the population and residents of the region.

It is proved that the indicator of budget revenues of communities is not an instant indicator of recovery of economic growth. Local budget revenues are influenced by the following factors: inflation, rising nominal wages, direct state support (transfers), fiscal decentralization. Extending the rights of regional local authorities and transferring them with a number of powers will stimulate the development of industry and small businesses. Only in this case it will be possible to observe an increase in the share of own and fixed sources of income in local budgets and a decrease in the share of transfers.

It is determined that strategic regional economic growth in the process of implementation of fiscal policy should reach its main goal - it is the increase in the revenues and powers of the regions, and hence the improvement of the social and economic situation. At the current stage of development of the fiscal system it is necessary to decentralize not only expenditures, but also incomes; to reduce regional disparities and ensure the economic development of the regions; to establish a transparent process of fiscal equalization to eliminate regional imbalances; to provide the transparent and controlled funding system.


fiscal policy; regional policy; tax burden; state regulation; regional growth

Full Text:



Derzhavna kaznacheiska sluzhba Ukrainy. (2017). Retrieved from:

Derzhavna fiskalna sluzhba Ukrainy. (2017). Retrieved from:

Pro vnesennia zmin do Biudzhetnoho kodeksu Ukrainy shchodo reformy mizhbiudzhetnykh vidnosyn: Zakon Ukrainy vid 28.12.2014; 79-VIII. (2015). Vidomosti Verkhovnoi Rady Ukrainy (VVR),12, 76.

HU Derzhavnoi kaznacheiskoi sluzhby Ukrainy u Mykolaivskii oblasti. (n.d.). Retrieved from:

HU Derzhavnoi kaznacheiskoi sluzhby Ukrainy u Khersonskii oblasti. (n.d.). Retrieved from:

Zerkalo nedeli. (n.d.). Retrieved from:

Morhan, B. H., Samoilova S. S., Fedorova A. Yu. (2013). Sovremennye tendentsii formirovaniia mezhbiudzhetnykh transfertov v strukture dokhodov biudzhetov RF. Sotsialno-ekonomiycheskie yavleniia i protsessy, № 3 (049), 117-121.

Mistsevi biudzhety: pidsumky 2016 roku ta perspektyvy. (2016). Retrieved from:

Ivanova, O. Yu. (2014). Formuvannia potentsialu samorozvytku rehioniv Ukrainy v konteksti transformatsiinykh protsesiv. Kharkiv: INZhEK.

Kravtsiv, V. S. (2017). Terytorialnyi rozvytok ta rehionalna polityka v Ukraini: aktualni problemy, ryzyky ta perspektyvy administratyvno-finansovoi detsentralizatsii. Lviv.


Article Metrics

Metrics Loading ...

Metrics powered by PLOS ALM


  • There are currently no refbacks.

Copyright (c)


Articles are distributed under Creative Commons Attribution  International 4.0 (CC-BY-NC 4.0) 

Science Works Journal "Ekonomichnyy analiz"

ISSN 1993-0259 (Print)  ISSN 2219-4649 (Online) DOI: 10.35774/econa

© West Ukrainian National University

© «Ekonomichnyy analiz», 2007-2023