Actual problems of innovative economy and law

Journal "Actual problems of innovative economy and law" is included in category B for specialties: in the field of knowledge "Management and administration": 073, 076 (order of the Ministry of Education and Science of Ukraine dated 23.08.2023 No. 1035) and 071, 072, 075 (order of the Ministry of Education and Science of Ukraine dated 12.20.2023 No. 1543); in the field of knowledge "Social and behavioral sciences" 051 (order of the Ministry of Education and Science of Ukraine dated August 23, 2023 No. 1035); in the field of knowledge "Law" - 081 and "Public management and administration" - 281 (order of the Ministry of Education and Science of Ukraine dated 12.20.2023 No. 1543).
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Impact of land market development on financial stability and social security level in territorial communities

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УДК: 349.4:332.1

DOI: https://doi.org/10.36887/2524-0455-2024-5-10

Kostetskyі Volodymyr,
Candidate of Economic Sciences, Associate Professor, Associate Professor of the Department of financial technologies and banking business,
West Ukrainian National University, Ternopil, Ukraine,
https://orcid.org/0000-0002-0179-9526
Yazlyuk Borys,
Doctor of Sciences in Economics, Professor, Head of the Department of Economic Expertise and Land,
West Ukrainian National University
https://orcid.org/0000-0002-2078-0644
Butov Andrii,
Candidate of Economic Sciences, Associate Professor, Associate Professor of the Department of Economic
Expertise and Land Management,
West Ukrainian National University, Ternopil, Ukraine,
https://orcid.org/0000-0002-1044-3978

The article reveals the peculiarities of the development of the land market in Ukraine and its impact on the socio-economic state of society in general and territorial communities in particular. Understanding the impact of the land market on regional development is vital in today’s challenging environment. Land of various purposes, in the communal ownership of territorial communities, is one of the most essential resources in today’s conditions. Since the moratorium on the sale of agricultural land was lifted, the land market in Ukraine has significantly revived and provided new opportunities for the development of territories. Renting land plots, selling property, and privatizing can become important sources of income for communities. In particular, the community budgets receive the following taxes related to agricultural land: land tax, rent for communal land, a single tax for agricultural producers, and tax on the income of individuals received from the lease or sale of land plots. Thus, in modern conditions, the development of the land market has a significant impact on the prospects of financial stability and social security in territorial communities. Therefore, the proper development of the land market will contribute not only to the economy but also to the social development of the regions of the state. An assessment of the development possibilities of the domestic land market in the context of the socio-economic development of the territories was carried out. Unlocking the potential of the land market can lead to an influx of investments, improvement of transport and social infrastructure, creation of new jobs, improvement of people’s living standards, and promotion of regional development. The introduction of the land market and further legalization of land transactions are positive factors for developing land relations in the country. However, today, land reform is at the stage of establishing accurate and stable market relations in agricultural land circulation, which is an integral part of this process. Despite numerous restrictions, the land market is currently functioning, which, in turn, contributes to the creation of an attractive investment environment. Therefore, constructive steps for further developing Ukraine’s land market to increase the efficiency of this process and strengthen the financial stability and capacity of territorial communities have been substantiated.

Keywords: land, land market, territorial communities, financial sustainability of territorial communities.

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The article was received 18.08.2024

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Kostetskyі V. , Yazlyuk B. , Butov A. 18.08.2024. Impact of land market development on financial stability and social security level in territorial communities. Actual problems of innovative economy and law. 2024. №5. 50-54 pp. https://doi.org/10.36887/2524-0455-2024-5-10

Quote article, MLA style

Kostetskyі V. , Yazlyuk B. , Butov A. Impact of land market development on financial stability and social security level in territorial communities. Actual problems of innovative economy and law. 18.08.2024. https://doi.org/10.36887/2524-0455-2024-5-10