Equalization Transfer Optimization and Its Role in Socio-Economic Development of the Territorial Units

In the paper, the budgetary relationships between the center and the region are studied in the aspect of income distribution; the analyzes of the shortcomings are implemented being characterized for revenue distribution and preventing socio-economic equalization of territorial units and their development. The paper substantiates and provides recommendations for improvement of budgetary relationships to strengthen their further financial independence. The objective of the study is the budget formation of territorial units based on the optimization of the revenue distribution and socio-economic development facilitating factors of territorial units