Managing local budgets during the war in Ukraine

Abstract

Managing local budgets always requires significant effort and responsibility on the part of local authorities. However, when complex economic and financial tasks are compounded by a state of war, the situation becomes extremely challenging. In Ukraine, which has experienced military aggression from the russian federation, managing local budgets during a state of war has become a true test for local authorities. In this article, we will explore the challenges faced by local authorities and the achievements made in managing local budgets in the conditions of armed conflict. The russian federationʼs military aggression against Ukraine, which began on February 24, 2022, significantly affected the situation of regions and their local budgets throughout 2022. Challenges related to the armed conflict had a negative impact on the implementation of financial plans by regional authorities. However, despite this, local authorities demonstrated the ability to withstand difficult conditions, ensuring overall success in the execution of local budgets.