Legal principles of attracting budget funds and EU funds for the implementation of the «green» transition of the energy sector of the economy and the implementation of projects (programs) in the field of energy efficiency

The article is devoted to the analysis of the issues of the legal basis of attracting funds from the State Budget of Ukraine, local budgets and EU funds for the implementation of the «green» transition of the energy sector of the economy and the implementation of projects (programs) in the field of energy efficiency. The article found out that the budget legislation of Ukraine enshrines a number of instruments that make it possible to attract budget funds for the implementation of measures and investment projects in the energy sector, namely: A) for the implementation of state investment projects (programs) and other investment projects in the energy sector the following are carried out: 1) budget expenditures directed to the purpose of state investment in state-owned objects using state capital investments; 2) crediting the budget for the implementation of investment projects implemented through state investment; 3) provision of state or local guarantees for the implementation of investment projects in the field of energy provided with budgetary funds of the relevant budget; B) to provide state financial support to participants in the electricity market, who are entrusted with special duties to ensure an increase in the share of electricity production from alternative energy sources (SE «Guaranteed Buyer»), State Budget expenditures are made; C) for the implementation of «green» transition measures implemented at the expense of the State Budget of Ukraine by the Energy Efficiency Fund, according to the relevant budget programs, in the budget program «State Fund for Decarbonization and Energy Efficient Transformation», programs of the Energy Efficiency Fund; D) to realize, at the expense of State and local budgets, long- term obligations for energy service in accordance with energy service contracts concluded by managers of budget funds to improve the energy efficiency of state and communal property; D) to implement at the expense of EU funds in accordance with the Ukraine Facility the measures provided for in the Plan of Ukraine 2024-2027, in the form of expenditures of the State Budget of Ukraine (Component I), and lending to selected investment projects (Component II), the «visibility» of using which Ukraine has to provide It was noted that the budgetary legislation of Ukraine needs to be supplemented in terms of establishing the legal regime of budgetary investment, which has distinct features from spending and lending, establishing the obligation to ensure the «visibility» of the use of EU funds involved in the relevant budgets, carrying out transactions with them, as well as establishing the concept of «EU funds», as it occurs in the budgetary law of the EU member states.