The priorities of property tax revenues to the local budget in the context of reference to the social and economic security of the state

Abstract

Introduction. The article is dedicated to the property tax, the income of which in the local budget may increase the social and economic development of the region. The author researches the dynamics of tax revenues and expenditures of the local budget. The study of the dynamics of the amounts of investments into housing is carried out. The prediction of the construction volumes of the region is made.

The purpose of the article is to decide the issue concerning the funding of housing in the region and the priorities of property tax revenues.

Method (methodology).The study uses such general scientific methods as generalization, synthesis, analysis, comparison, abstraction and induction.

Results. Justification of the appropriateness of the use of tax deduction system which will allow to redistribute the tax revenues to local budgets and to direct them towards the city’s capital construction. The major trends of the development of the amount of investments into housing in Ukraine have been studied. The analysis and the prediction of house building in Zaporizka Oblast’ (Zaporizhya Region) have been made. The major trends and prospects as for the prediction of property tax revenues to the local budget have been established. The property tax will enable the financing of the housing and utilities infrastructur. This will lead to the social and economic effect in the sphere of provision of housing as social protection of the population. Consequently, the social and economic development of the region will be observed in the context of the national financial security of the state.