In the article were investigated, issuesand organizational and legal framework for conducting fiscal policy in municipal bonds and local debt. W ere proved that thenegative trends in terms of formation of local budgets increased risk of default, which in turn leads to the formation of thedebt crisis.The main disadvantages arrangement of municipal bonds is their low investment attractiveness, social and economicinstability and political situation, lack of regional stock markets and the lack of guarantees of local governments to repaymunicipal debt. The author determined that the optimal focus using borrowed funds are investing in infrastructure that willincrease revenues to the local budget ; У статті досліджено сутність, проблеми та організаційно-правове забезпечення проведення бюджетноїполітики у сфері місцевих позик і місцевого боргу. Доведено, що основними недоліками організації випускумісцевих позик є їх низька інвестиційна привабливість, нестабільність соціально-економічної та політичної ситуації,нерозвиненість регіональних фондових ринків та відсутність гарантій органів місцевого самоврядування щодопогашення місцевого боргу. Визначено, що оптимальний напрям використання залучених коштів – їх інвестуванняв інфраструктуру, яка працюватиме на збільшення надходжень до місцевого бюджету.
Annotation. Introduction. The article analyzes the existing problems of budgetary control of public procurement in Ukraine in modern conditions, unresolved issues of public procurement after the entry into force the new version of the Law of Ukraine "On Public Procurement", examines the problems of bidders and customers, analyzes strengths and weaknesses in the activities of state control structures for conducting tender procedures, possible losses for the economy of our country in the case of the introduction the bill on the localization of public procurement in Ukraine. Results. Promising direction for the development of public procurement in Ukraine should be the improvement of the Prozorro system and its supplementation with various forms of public control over the conduct of these procurements at all levels. It is proved that a promising direction in the development of public procurement is also the improvement of the Prozorro Market system. The problem is that public control in the field of public procurement is not yet widespread in Ukraine. This is hindered by the lack of financial literacy of the majority citizens, which should be increased through the development of all possible forms of education. Improving the efficiency of the use of public finances in Ukraine requires a significant improvement in the training of staff in budget organizations that generate budget inquiries, as many of them do not have the appropriate education and experience. Significant problem remains the fact that the main indicator for the field of public procurement is still the price, and the indicator of the life cycle of goods is almost not used (as well as other non-price criteria). A difficult problem when applying the cost of the life cycle of goods in public procurement is that the customer independently decides on the feasibility of using it to evaluate tenders. He also chooses the types of costs that are important to him, which will be taken into account when calculating the cost of the life cycle of goods. Conclusions.To strengthen financial control in the field of public procurement, it would be appropriate to use more widely non-price criteria, which are measured not only by the difference between the expected cost of procurement, but also the environmental friendliness of the subject of procurement in the broadest sense. A promising area of public procurement regulation may be the improvement of financial control mechanisms and identify all costs when evaluating the cost of the product life cycle, but it requires substantial retraining customers of the tender. Promising ways to solve existing problems in conducting public procurement in our country, taking into account world experience is substantiated in the article. The mechanism of public procurement in Ukraine must be adapted primarily to EU requirements, which will allow our country in the future to raise questions about joining this organization. This is contradicted by the desire of many government officials and big business to adopt a law on the localization of public procurement in Ukraine, which is contrary to EU norms. ; В статті аналізуються існуючі проблеми проведення бюджетного контролю публічних закупівель в Україні в сучасних умовах, не вирішені питання здійснення публічних закупівель після вступу в дію нової редакції Закону України «Про публічні закупівлі», досліджуються проблеми у діяльності учасників тендерів, виявлені можливі втрати для економіки нашої країни у випадку запровадження законопроєкту про локалізацію публічних закупівель в Україні, обґрунтовані перспективні шляхи вирішення існуючих проблем у проведенні публічних закупівель у нашій країні з урахуванням світового досвіду.
Introduction. The main task of reforming the system of financial equalization of the capacity of local governments is to ensure financial autonomy and independence of local self-government at the expense of their own financial resources to address urgent issues of local importance. The purpose of the article. The purpose of the article is to investigate the evolution of the system of financial equalization of the capacity of local governments, identify problems of the system of local government in Ukraine. Results. Singled out four stages in the evolution of financial equalization: - the first stage (1991-2001) is characterized by the adoption of legislative and regulatory documents regarding the formation of budgets, the budgetary system and the system of budgetary regulation; - the second stage (2001-2010) - is characterized by: filling the real content of the common budget terminology; introducing formula approach to determining equalization and treasury system maintenance budgets of different levels; the third stage (2010-2014) is characterized by the improvement of the system of dividing the revenues and expenditures of local budgets and ensuring the expansion of the revenue base of local budgets, reforming the system of local taxation; The fourth stage (2015 - present) is the stage of reforming the system of financial equalization of local budgets in the context of decentralization processes. It has been analyzed that transfers play a significant role in the financial support of local governments and are an important tool for redistributing cash flows between budgets at different levels. The cities with oblast significance were the most financially viable both before and after the reform of the financial equalization system. Conclusions. It is proposed equalization of financial capacity of local self-government bodies to carry out for three groups of budgets (oblast budgets; budgets of cities of oblast importance, OTGs and rayon budgets) and to legislate at least half of the corporate income tax to local budgets, as well as a part of value added tax and to consider them in determining the grant. ; У статті виокремлено етапи становлення системи фінансового вирівнювання спроможності органів місцевого самоврядування та подано їх характеристику; проаналізовано та визначено особливості застосування горизонтального вирівнювання податкоспроможності місцевих бюджетів в умовах децентралізації; визначено недоліки системи міжбюджетного регулювання та запропоновано для забезпечення об'єктивності розподілу фінансових ресурсів здійснювати вирівнювання за трьома групами бюджетів. З метою підвищення податкоспроможності територій запропоновано за місцевими бюджетами закріпити податок на прибуток підприємств, частину податку на додану вартість та враховувати їх при визначенні дотації.
