title: The Budget System and Inter-budget Transfers in Ukraine
abstract: The budget system is the leading element of public fi- nances and the structure of state is a determining factor in the formation of the budget system. In the unitary countries, which include Ukraine, the budget system unites two links: budget of central government and local budgets, otherwise in the federal states there is the third link: members of fed- eration’s budgets. Local governments are the largest element of the budget system in Ukraine (totally there were 12,052 independent local budg
journal: Globalization and Business