Trends in Financing Regional Expenditures in Transition Economies: The Case of Ukraine (World Bank Discussion Paper)

this Report Examines Key Issues Faced By Regional Financial Managers Confronting The Challenges Of Fiscal Crisis. A Number Of Authors Have Reviewed The Existing Institutional Arrangements Governing Intergovernmental Relations In Ukraine. This Study Builds On Those Studies And Investigates How Regional Governments Actually Function Within This Institutional Framework And How They Respond To Fiscal Austerity. The Report Examines Key Issues Faced By Regional Financial Managers Confronting The Challenges Of Fiscal Austerity. Part I Provides A Brief Overview Of The Fiscal System In Ukraine. Part Ii Examines The Distribution Of Resources Across Oblasts As Well As At The Sub-oblast Level In Khmelnytsk. Part Iii Is Devoted To An Investigation Of The Ways Municipalities Cope With Severe Fiscal Constraints In Ukraine.