Improvement of Methodological Approaches to the Assessment of Financial Decentralization and its Impact on the Financial Sufficiency of Local Budgets

Abstract

Financial decentralization in Ukraine actually began with the adoption of amendments to the fiscal legislation since 2015, which allowed the transfer of additional budget authority and stable sources of revenue for its implementation. The above mentioned keeps current the necessity to study the impact of financial decentralization on the financial sufficiency of local budgets in order to assess the effectiveness and efficiency of these processes. It is pertinent to note that at present, Ukrainian science and practice do not have a single methodological approach to proper assessment