Affiliation:
1. Department of Public Finance, State Tax University
Abstract
The actualization and practical implementation of the concept of sustainable development in Ukraine began after 2015, when our country officially joined the global process of ensuring the Sustainable Development Goals. The purpose of the article is to study the place of local self-government in the financial support of the strategy for achieving the Sustainable Development Goals of Ukraine in the context of limited budgetary resources and decentralization. In the course of the analysis of the strategic role of local self-government in the financial support of the Sustainable Development Goals of Ukraine, it is found that municipal authorities, whose financial resources account for 35.0% of public finances, are responsible for achieving strategic objectives in the context of 7 Goals (41.2%). In order to assess the strategic potential of financial support for the Sustainable Development Goals at the regional level, the author proposes a methodological approach that takes into account the Pearson’s pairwise correlation coefficients. In this case, the values are taken that show a high density of stochastic relationship between the relevant indicator of formation and distribution of financial resources of local budgets and the indicator of the Sustainable Development Goals. There should also be an unidirectionality of Pearson’s coefficients with the intended purpose of the indicator. The progress in achieving the strategic objective (sub-objective) is based on the indicators with the highest correlation coefficients. It is substantiated that significant progress was made at the regional level in 2015-2021 with regard to Goal 17 «Partnership for Sustainable Development», since positive trends in the dynamics of 55% of the indicators of strategic objectives («sub-goals») were recorded. The author’s further research will focus on assessing progress towards achieving the Sustainable Development Goals in Ukraine, the financial support of which is the responsibility of local self-government bodies, especially in the context of martial law.
Publisher
Vinnytsia National Agrarian University
Reference18 articles.
1. 1. Tsili Staloho Rozvytku: Ukraina: natsionalna dopovid [Sustainable Development Goals: Ukraine: National Report]. (2017). surl.li. Retrieved from: http://surl.li/mhsda [in Ukrainian].
2. 2. Dehtyarova, I.B., Melnyk, O.I., & Romanchenko, Ya.V. (2014). Ekonomichni ta finansovi instrumenty zabezpechennia staloho rehionalnoho rozvytku: dosvid YeS [Economic and financial instruments for ensuring sustainable regional development: EU experience]. Mizhnarodnyi naukovyi zhurnal «Mekhanizm rehuliuvannia ekonomiky» – International Scientific Journal «Mechanism of Economy Regulation», 3, 18–27 [in Ukrainian].
3. 3. Vasylchuk, I.P. (2015). Finansy staloho rozvytku yak vidpovid na vyklyky postindustrialnoi ekonomiky [Sustainable development finance as a response to the post-industrial economy challenges]. Problemy ekonomiky – The Problems of Economy, 2, 213–218 [in Ukrainian].
4. 4. Tulai, O. (2020). Financial support of state social programs: conceptual dominants in the context of achieving the goals of sustainable development of Ukraine [Financial support of state social programs: conceptual dominants in the context of achieving the goals of sustainable development of Ukraine]. Svit finansiv – World of Finance, 4 (65), 8–22. DOI: https://doi.org/10.35774/sf2020.04.008 [in Ukrainian].
5. 5. Yu, Y., & Huang, J. (2021). Poverty reduction of sustainable development goals in the 21st century: A bibliometric analysis. Frontiers in Communication, 6, 754181. DOI: https://doi.org/10.3389/fcomm.2021.754181 [in English].