FINANCIAL INSTRUMENTS FOR PROVISION OF SUSTAINABLE ECONOMIC GROWTH OF TERRITORIAL DEVELOPMENTS

The problems of formation of revenues of local budgets are investigated in the article. It has been established that significant centralization has affected the reduction of financial independence of local selfgovernment bodies. Changes in the management of local budgets caused by the introduction o...

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Datum:2018
Hauptverfasser: Vasytynska, L., Nemchenko, G.
Format: Artikel
Sprache:Ukrainisch
Veröffentlicht: Odesa National University of Technology 2018
Online Zugang://journals.ontu.edu.ua/index.php/fie/article/view/964
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Назва журналу:Food Industry Economics

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Food Industry Economics
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author Vasytynska, L.
Nemchenko, G.
author_facet Vasytynska, L.
Nemchenko, G.
author_sort Vasytynska, L.
baseUrl_str
collection OJS
datestamp_date 2019-10-17T07:36:41Z
description The problems of formation of revenues of local budgets are investigated in the article. It has been established that significant centralization has affected the reduction of financial independence of local selfgovernment bodies. Changes in the management of local budgets caused by the introduction of a decentralized model encourage local self-government bodies to attract additional financial resources and form a certain economic potential. The feasibility of introducing a public-private partnership through the application ofdifferent methods and tools based on the form of interaction of project participants is substantiated. Suchcooperation requires the organization of complex, mixed private-public structures that can provide largescale infrastructure projects with resources. The advantages of project financing of economic development ofterritories in the framework of public-private partnership (PPP) are revealed.In order to ensure the financial attractiveness of projects implemented on the basis of public privatepartnership and aimed at ensuring the sustainable economic development of regions, it is recommended touse organizational models such as DBFO (Design, Build, Finance, Operate) and DBO (Design, Build, Operate).
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spelling oai:ojs.pkp.sfu.ca:article-9642019-10-17T07:36:41Z FINANCIAL INSTRUMENTS FOR PROVISION OF SUSTAINABLE ECONOMIC GROWTH OF TERRITORIAL DEVELOPMENTS Vasytynska, L. Nemchenko, G. The problems of formation of revenues of local budgets are investigated in the article. It has been established that significant centralization has affected the reduction of financial independence of local selfgovernment bodies. Changes in the management of local budgets caused by the introduction of a decentralized model encourage local self-government bodies to attract additional financial resources and form a certain economic potential. The feasibility of introducing a public-private partnership through the application ofdifferent methods and tools based on the form of interaction of project participants is substantiated. Suchcooperation requires the organization of complex, mixed private-public structures that can provide largescale infrastructure projects with resources. The advantages of project financing of economic development ofterritories in the framework of public-private partnership (PPP) are revealed.In order to ensure the financial attractiveness of projects implemented on the basis of public privatepartnership and aimed at ensuring the sustainable economic development of regions, it is recommended touse organizational models such as DBFO (Design, Build, Finance, Operate) and DBO (Design, Build, Operate). Odesa National University of Technology 2018-07-08 Article Article application/pdf //journals.ontu.edu.ua/index.php/fie/article/view/964 10.15673/fie.v10i2.964 Food Industry Economics; Vol 10 No 2 (2018): ЕКОНОМІКА ХАРЧОВОЇ ПРОМИСЛОВОСТІ Food Industry Economics; Том 10 № 2 (2018): ЕКОНОМІКА ХАРЧОВОЇ ПРОМИСЛОВОСТІ Food Industry Economics; Том 10 № 2 (2018): ЕКОНОМІКА ХАРЧОВОЇ ПРОМИСЛОВОСТІ 2312-847X 2411-4111 10.15673/ехп.v10i2 uk //journals.ontu.edu.ua/index.php/fie/article/view/964/1033 Авторське право (c) 2018 Економіка харчової промисловості
spellingShingle Vasytynska, L.
Nemchenko, G.
FINANCIAL INSTRUMENTS FOR PROVISION OF SUSTAINABLE ECONOMIC GROWTH OF TERRITORIAL DEVELOPMENTS
title FINANCIAL INSTRUMENTS FOR PROVISION OF SUSTAINABLE ECONOMIC GROWTH OF TERRITORIAL DEVELOPMENTS
title_full FINANCIAL INSTRUMENTS FOR PROVISION OF SUSTAINABLE ECONOMIC GROWTH OF TERRITORIAL DEVELOPMENTS
title_fullStr FINANCIAL INSTRUMENTS FOR PROVISION OF SUSTAINABLE ECONOMIC GROWTH OF TERRITORIAL DEVELOPMENTS
title_full_unstemmed FINANCIAL INSTRUMENTS FOR PROVISION OF SUSTAINABLE ECONOMIC GROWTH OF TERRITORIAL DEVELOPMENTS
title_short FINANCIAL INSTRUMENTS FOR PROVISION OF SUSTAINABLE ECONOMIC GROWTH OF TERRITORIAL DEVELOPMENTS
title_sort financial instruments for provision of sustainable economic growth of territorial developments
url //journals.ontu.edu.ua/index.php/fie/article/view/964
work_keys_str_mv AT vasytynskal financialinstrumentsforprovisionofsustainableeconomicgrowthofterritorialdevelopments
AT nemchenkog financialinstrumentsforprovisionofsustainableeconomicgrowthofterritorialdevelopments