Subventions in income generation of local budgets in Ukraine
Journal: Herald of Ternopil National Economic University
Year: 2018

The article considers the national practice of generating local budget revenues through subventions. It is stressed that within intergovernmental relations they provide an opportunity to allocate a fixed amount of funds from a higher-level budget to a lower-level budget in order to balance the latter, when there is an excess of expenditure over revenue. It is pointed out that the growth of their percentage results in reduced motivation of local authorities to increase their financial base, inert