Formation of financial resources of territorial communities of Chernivtsi region in conditions of social challenges

The article substantiates the relevance of studying the formation of financial resources for territorial communities, which ensures their capacity and competitiveness. An analysis of the scientific works of domestic researchers is conducted, focusing on the interpretation and formation of «financial resources» for territorial communities and the specifics of their components in the context of modern decentralization processes. The author identifies the main aspects of forming financial resources for territorial communities, using the Chernivtsi region as a case study amid contemporary societal challenges. The dynamics of changes in revenues and expenditures per capita for territorial communities from 2021 to 2024 are examined, taking into account factors related to territorial characteristics and current conditions. The spatial features of forming financial resources for territorial communities in the Chernivtsi region are characterized, and potential sources for replenishing local budgets are outlined to ensure sustainable development and competitiveness of territories in the region. Keywords: financial resources, territorial community, Chernivtsi region, community budgets, societal challenges.