THE ROLE OF LOCAL LOANS AS A DEVELOPMENT TOOL OF TERRITORIAL COMMUNITIES

Author:

Blashchuk-Deviatkina Natalia1,Matsei Kseniia1

Affiliation:

1. Ivan Franko National University of Lviv

Abstract

Purpose. The purpose of the article is to single out the key aspects of the formation and use of local loans by local self-government bodies in Ukraine, to propose effective approaches to the management of this tool for local self-government bodies based on the analysis and assessment of the use of local loans by local self-government bodies. Methodology of research. General scientific and special methods were used in the research process, in particular: dialectical, monographic, analysis and synthesis – to study the functioning of the local borrowing market in Ukraine; comparative analysis – to compare economic indicators in time and space; abstract and logical – during the formation of theoretical generalizations, assumptions, conclusions. Findings. The article outlines the relevance of the problem of local borrowing as an alternative source of financial resources of local self-government bodies in Ukraine. The essence and economic content of local borrowings and the peculiarities of their implementation in Ukraine are determined; the shortcomings of the functioning of the local borrowing market and legislative support are identified. The current state of development of the local borrowing market in Ukraine is studied. Features of the functioning of the municipal bond market in European countries are highlighted. The importance of credit resources for ensuring the economic development of local communities and the need to eliminate the causes of the identified problems were emphasized. Areas of improvement in the field of local borrowing are proposed, taking into account the experience of European countries. Originality. It is proposed to finalize the legislative framework for the procedure for issuing foreign local loan bonds. It is recommended to expand the possibility of issuing other types of local loan bonds, for example, those that will be secured by property or assets of local governments, in addition to objects that ensure the safety of citizens and the satisfaction of their basic needs, such an approach can contribute to increasing interest from investors. Practical value. Proposals substantiated by the results of the research can contribute to the exit of Ukrainian territorial communities to the Eurobond market, which will involve the creation of a positive image of the territory, the formation of its attractive "credit" history to ensure the stable development of the regions of Ukraine. Key words: local borrowing, credit, bonds, territorial community, budget.

Publisher

Institute of Economics, Technologies and Entrepreneurship

Subject

General Medicine

Reference12 articles.

1. Benovska, L. (2022), “Local positions as a tool for the development of territorial communities”, Svit finansiv, no. 1(70), pp. 49-60.

2. The Verkhovna Rada of Ukraine (2010), The Law of Ukraine “Budget Code of Ukraine” dated 08.07.2010 no. 2456-VI, available at: https://zakon.rada.gov.ua/laws/show/2456-17#Text (access date May 18, 2023).

3. “Report on the management of the local debt of the city budget of Lviv for 2020”, available at: https://city-adm.lviv.ua/public-information/budget/lviv/biudzhet-lvova-na-2020-rik/17510/download?cf_id=36 (access date May 10, 2023).

4. “Report on the management of the local debt of the city budget of Lviv for 2021”, available at: https://city-adm.lviv.ua/public-information/budget/lviv/biudzhet-lvivskoi-miskoi-terytorialnoi-hromady-na-2022-rik/21786/download?cf_id=36 (access date May 10, 2023).

5. “Report on the management of the local debt of the city budget of Lviv for 2022”, available at: https://city-adm.lviv.ua/public-information/budget/lviv/biudzhet-lvivskoi-miskoi-terytorialnoi-hromady-na-2022-rik/24409/download?cf_id=36 (access date May 10, 2023).

同舟云学术

1.学者识别学者识别

2.学术分析学术分析

3.人才评估人才评估

"同舟云学术"是以全球学者为主线,采集、加工和组织学术论文而形成的新型学术文献查询和分析系统,可以对全球学者进行文献检索和人才价值评估。用户可以通过关注某些学科领域的顶尖人物而持续追踪该领域的学科进展和研究前沿。经过近期的数据扩容,当前同舟云学术共收录了国内外主流学术期刊6万余种,收集的期刊论文及会议论文总量共计约1.5亿篇,并以每天添加12000余篇中外论文的速度递增。我们也可以为用户提供个性化、定制化的学者数据。欢迎来电咨询!咨询电话:010-8811{复制后删除}0370

www.globalauthorid.com

TOP

Copyright © 2019-2024 北京同舟云网络信息技术有限公司
京公网安备11010802033243号  京ICP备18003416号-3