Perspectives of the Development of Territorial Communities Directed to the European Integration: Problems, Implementation Strategy and Specificity of the Procedure

The article examines theoretical and applied principles of formation and use of the resource potential of territorial communities in the context of reforming the administrative-territorial system and local self-government in Ukraine. The key role in the issue of the territorial development is played by the budget and tax system formed at the central level and represented locally in the form of local budgets. The influence of the budget potential on the development of territories in terms of the main types of budget revenues and expenditures for 2014-2023 was studied. Directions for stimulating economic development of territorial communities through the formation of the investment business environment at the level of local self-government bodies have been determined. The importance of the European integration of Ukraine and possible financing the development of territories through the functioning of EU funds and, in particular, the “cohesion policy” are substantiated.