RISKS IN FORMATION OF BUDGET RELATIONS IN DECENTRALIZATION CONDITIONS AND PROBLEMS OF REFORM OF THE PENSION SYSTEM IN UKRAINE

The subject of the study is theoretical and methodological principles of theformation of inter-budgetary relations in Ukraine in the conditions of decentralization andreformation of the pension system.The purpose of the study is to identify the most significant problems of the development ofthe pension system in Ukraine in the context of developing intergovernmental fiscal relations ina context of decentralization and outlining possible solutions. Research methods. The study uses a set of scientific methods and approaches, includinglogical generalization, systemic, comparison method, graphical, which allowed to ensure theconceptual unity of the research .Results of work. The article investigates the state of inter-budgetary relations of Ukraine inthe conditions of decentralization. A comparative characteristic of centralized and decentralizedmodels of intergovernmental fiscal relations has been done. An analysis of the structure of localbudget revenues in Ukraine in 2017 has been conducted. Describes the possible risks in theprocess of decentralization.The directions of improvement of interbudgetary relations in the conditions ofdecentralization in the context of solving the problems of the reformed pension systemdevelopment in modern Ukraine are grounded. It is determined that the improvement of thecurrent pension system has a multi-faceted nature and is designed for a long-term perspective,which consists in the implementation of already adopted legislative acts, identifying theirshortcomings and developing proposals for improving the system of state regulation in this area.The field of application of results. In the field of economic sciences and in the practicalactivity of the structural units of the Pension Fund of Ukraine.Conclusions. The main results of the study and its theoretical and methodological resultscan be reduced to the following: pension provision and its level determine the economic andsocial situation of the population of the country, forms a system of social protection, the researchproves that the state conducts. The pension reform, while not having the necessary amount offinancial resources, has identified an important role in framing intergovernmental fiscal relationsand anticipating the risks that may arise, and taking measures aimed at preventing them in theprocess of decentralization.