У статті запропоновані положення концепції розширення фінансового простору, що в умовах фінансової децентралізації слід розглядати як процес надання органам місцевого самоврядування переважно опосередкованого регулятивного впливу, а також через внесення змін в інституціональну складову. Обґрунтовано наукові підходи щодо визначення сутності та структуризації процесу фінансової децентралізації, що на відміну від існуючих підходів, пропонується розглядати в контексті упорядкування складових процесу за фінансовими орієнтирами і спрямована на підвищення фінансового потенціалу територіальної економічної системи у цілому. Для аналізу використовуваних термінів та визначення перетину областей дослідження було застосовано методи сучасного бібліометричного аналізу. Зосереджено увагу на важливості дослідження змісту явища фінансової децентралізації з концентрацією на регіональній ідентичності.

The process of implementing socio-economic change at the local level is closely linked to administrative reform and financial decentralization as important tools for regulating and allocating budget funds. Problems of reforming the administrative-territorial system, the formation of budgetary policy of the regions with the expansion of powers should be based on the development of regional strategies and a comprehensive analysis of financial resources. Approaches to the economic analysis of the efficiency of the allocation of financial resources in the context of decentralization reform are becoming increasingly important. The analysis of individual indicators somewhat narrows the perception of economic processes and does not allow to assess the level of provision of funds of administrative-territorial units by areas and in general. The issues of improving the methods and tools for assessing the financial resources of local budgets in the context of decentralization are becoming important. The article proposes improved approaches to the analysis of the level of financial decentralization of local budgets on the basis of aggregate indicators by areas. The technique allows analyzing the state of resource-functional components over time. The application of integrated assessment contributes to the objective characterization of the level of financial security of the regions, the revision and development of economic opportunities in the context of limited resources of local budgets. The proposed approach contributes to the formation of an objective description of the level of financial security of the region, and hence the financial opportunities for self-development. The methodology reveals the state of resource-functional components, the dynamics of deviations of integral values, allows monitoring of quantitative benchmarks to achieve the desired level of financial stability of regions and allows focusing on objective reasons for real financial decentralization in Ukraine. The results of the analysis focus on the assessment of regional development trends in the context of financial decentralization and form the need for further research in this direction.

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At the present stage of development of financial decentralization it is extremely important to focus on the factors influencing the economic capacity of regions and communities. Combining and strengthening certain economic levers will certainly contribute to the competitive advantages of the administrative unit. Making sound management decisions at the regional level requires the use of scientifically sound methods. The study of the impact, the relationship of socio-economic factors and gross regional product is becoming increasingly important. The use of econometric methods makes it possible to confirm the hypothesis and establish the level of the relationship between economic development of regions and financial decentralization using a set of indicators. The value and behavior of these parameters depends on many factors, which cannot be fully taken into account. The article proposes improved approaches to determining the factors influencing economic growth in terms of government reform and financial resources. The method of statistical information processing using multiple correlation-regression analysis is taken as a basis. The use of mathematical modeling tools will determine the contribution of each variable and record the significant factors that most significantly affect the economic opportunities of regions and factors that can be neglected in the analysis of the impact on gross regional product. It was decided to focus on the period from 2012 to 2019. It is during this time interval that active changes in the administrative-territorial structure of the country take place, the budget system is reformed, and there is a period of forced loss of control over parts of the country’s territory with economic consequences. Research of time intervals 2012–2014 and 2015–2019 allows you to assess the change in economic factors with the introduction of decentralization reform. The study of decentralization indicators makes it possible to identify problems of socio-economic nature in time and reveals the prospects of balancing budget revenues with expenditures, developing measures to improve the financial policy of the regions in the context of decentralization changes.