INFLUENCE FISCALLY SUSTAINABLE DEVELOPMENT OF REGIONS OF UKRAINE

Urgent problems of our time in achieving national competitiveness are  to strengthen the level of socio-economic development of the regions, as well as the achievement of their financial self-sufficiency. Socio-economic development of the region lies in the relationship "center-region", where it is necessary to coordinate the interests of the subjects at all levels and providing an effective mechanism of intergovernmental relations. Features fiscal policy affect the efficiency of formation and use of economic, social and environmental potential of the region. In the article the impact of fiscal relations to sustainable socio-economic development of regions is justified. The factors of influence on fiscal relations are identified. The advantages of fiscal relations at the state level and at the regional level are considered. The methodical approach to determining the effect of fiscal relations in the capacity building of socio-economic development of the regions ofUkraineis suggested. Trends of fiscal relations between the center and the regions are analyzed, the positive aspects of the reform are highlighted, problems that need to be addressed through the development of areas of improvement fiscal relations “center and the region” are identified.