Abstract:
The article considers the essence of concepts of decentralization and
determinants of sustainable development of the agricultural sector. It analyzes the dynamics
of payment for land to local budgets of Ukraine in 2014-2019. It shows that the introduction
of new normative monetary valuation significantly reduces the fiscal potential of territorial
communities, whose main profitable source of budget generation is the proceeds from
payment for land. The paper proposes some approaches to improve the mechanism of state
regulation of sustainable development of the agricultural sector of Ukrainian economy for
enhancing its competitiveness in the context of Ukraine's integration into the European area.
The study substantiates the fact that determinants of sustainable development of
the agricultural sector of economy are identified from two perspectives: on the one hand,
determinants of sustainable development of the agricultural sector are the conditions, causes,
factors on which this development depends; on the other hand, they are constituent elements
of sustainable development of the agricultural sector of economy.
The paper considers the process of transfer of agricultural land plots from state to
communal ownership of united territorial communities in Ukraine in 2018.
It provides a comparative description of advantages and disadvantages of sources of
investment projects financing in the agricultural sector of economy. As a result, it is determined
that own funds of enterprises are the most reliable and stable investment resource.
The authors propose to mobilize investment processes in the agricultural sector based
on all possible sources, to increase state investments, to intensify alternative investments, to
stimulate the inflow of foreign investments, to expand the practice of insurance and guarantee
of the state-supported investment projects in the agricultural sector of economy.
