On Development of Finance Management Models in United Territorial Communities Under Budget Risk Conditions

Abstract

The problems of functioning of finances of the united territorial communities (UTC) in the period of reforming local self-government and territorial organization of power are analyzed. These problematic aspects are accumulated into blocks that focus on constitutional changes in the context of the formation of an UTC, administrativeterritorial reform, changes in the administrative-territorial structure, definition of indicators of the level of financial decentralization, regulation of the division of powers between local and executive authorities and functions to prevent their duplication, stimulate further integration of territorial communities and financial levels local government UTC resources. Therefore, in the context of these blocks the ways of locating the isolated problems are proposed. In this context, it is proposed to simulate the likelihood of budget risks occurring in order to prevent negative trends in revenue generation and budget expenditures UTC. Key words—the united territorial communities (UTC), local government, financial levels, budget UTC.