Subject Modern socio-economic conditions require new approaches to financial support for municipalities in the Russian Federation. Objectives The article focuses on conceptual features of municipality budget management, unveils key problems and offers solutions. Methods The methodology of the study relies on scientific review, generalization, analysis, comparison, and synthesis. Results I define types of local budgets, the main sources of income, and key expenditures by local budget type. The paper presents a set of actions aimed at immediate and efficient solutions to detected problems in municipal budget management in the Russian Federation. Conclusions Current conditions necessitate modernization of methodology for municipal budget management, considering the new social and economic challenges and using the modern tools, like participatory budgeting, self-taxation, etc. To improve the financial security of municipalities, it is crucial to amend the Budget Code of the Russian Federation, actively involve the academic community in solving the existing problems, devise long-term programs for socio-economic development of municipalities up to 2050. The findings are of practical significance. They may be helpful in decision-making process for municipality budget management perfection and in educational process of higher schools and colleges.
Keywords: local budget, budgeting, self-taxation, participatory budgeting, municipality
References:
Buzdalina O.B. [Some of the financial and economic aspects of modern Russia]. Audit i finansovyi analiz = Audit and Financial Analysis, 2013, no. 5, pp. 339–342. (In Russ.)
Istomina N.A. [Reallocation of budgetary resources in the system of result-based budgeting]. Finansovaya analitika: problemy i resheniya = Financial Analytics: Science and Experience, 2014, vol. 7, iss. 27, pp. 42–48. URL: Link (In Russ.)
Solyannikova S.P. [Responsible budget policy under high level of uncertainty: Development rules and evaluation criteria]. Innovatsionnoe razvitie ekonomiki = Innovative Development of Economy, 2016, no. 3-2, pp. 91–96. (In Russ.)
Strokov A.I. [Urgent issues of increasing the efficiency of public and municipal finance management]. Ekonomika i predprinimatel'stvo = Journal of Economy and Entrepreneurship, 2015, no. 9-2, pp. 26–29. (In Russ.)
Ponkratov V.V., Vorontsov A.N. [Fiscal policy of Russia as anti-cyclical instrument of pro-crisis development]. Ekonomika i predprinimatel'stvo = Journal of Economy and Entrepreneurship, 2016, no. 12-2, pp. 830–834. (In Russ.)
Meliksetyan S.N. [Implementation of the welfare State concept in Russia: financial considerations]. Finansovaya analitika: problemy i resheniya = Financial Analytics: Science and Experience, 2016, vol. 9, iss. 20, pp. 46–60. URL: Link(In Russ.)
Umanets O.P. [Budget: Functional integration and social aspects]. Finansovaya analitika: problemy i resheniya = Financial Analytics: Science and Experience, 2013, vol. 6, iss. 29, pp. 14–24.URL: Link (In Russ.)
Shvetsov Yu.G., Bulash O.A. [Financial Basis of the Socially Oriented Budget Formation in Russia]. Finansovaya analitika: problemy i resheniya = Financial Analytics: Science and Experience, 2014, vol. 7, iss. 9, pp. 2–15. URL: Link (In Russ.)
Umanets O.P. [Analysis of financial factors of economic instability]. Finansovaya analitika: problemy i resheniya = Financial Analytics: Science and Experience, 2016, vol. 9, iss. 5, pp. 38–51. URL: Link (In Russ.)
Balynin I.V. [Effective and responsible management of the budgets of the subjects of the Russian Federation in the context of improving its quality: Methodological approaches, principles, risks]. Ekonomika i predprinimatel'stvo = Journal of Economy and Entrepreneurship, 2017, no. 9-2, pp. 872–879. (In Russ.)
Gamukin V.V. [Budgetary risks and budgetary errors]. Finansovaya analitika: problemy i resheniya = Financial Analytics: Science and Experience, 2015, vol. 8, iss. 12, pp. 15–24. URL: Link (In Russ.)
Gamukin V.V. [Budgetary risk of inflation]. Finansovaya analitika: problemy i resheniya = Financial Analytics: Science and Experience, 2016, vol. 9, iss. 14, pp. 16–25. URL: Link (In Russ.)
Levdonskii A.A. [Budgetary risks and stability of the Federal budget]. Ekonomika, predprinimatel'stvo i pravo = Economics, Entrepreneurship and Law, 2016, vol. 6, no. 2, pp. 175–184. URL: Link (In Russ.)
Lozhechko A.S. [Methodological approaches to the formation of an effective and responsible budget policy in the field of revenue management of regional budgets of the Russian Federation in terms of economic uncertainty]. Ekonomika i predprinimatel'stvo = Journal of Economy and Entrepreneurship, 2017, no. 4-1, pp. 210–216. (In Russ.)
Lozhechko A.S. [Theoretical framework for making administrative decisions by public authorities in conditions of economic uncertainty in the aspect of budget revenue management]. Ekonomika i predprinimatel'stvo = Journal of Economy and Entrepreneurship, 2015, no. 11-2, pp. 128–134. (In Russ.)
Sergienko N.S., Shcherbakova N.A. [Self-taxation of citizens: Historical aspects and modern experience]. Sovremennye issledovaniya sotsial'nykh problem = Modern Research of Social Problems, 2015, no. 1, pp. 119–129. (In Russ.)
Balynin I.V. [The practice of using the self-taxation of citizens in the formation of local budget revenues]. Finansy i upravlenie = Finance and Management, 2015, no. 2, pp. 53–62. (In Russ.)
Sergienko N.S. [Self-taxation as a form of voluntary participation of the population in the socio-economic development of a settlement]. Sovremennye issledovaniya sotsial'nykh problem = Russian Journal of Humanities, 2015, no. 1, pp. 266–269. (In Russ.)
Vagin V.V., Shapovalova N.A. [Participatory budgeting and related practices]. Finansovaya analitika: problemy i resheniya = Financial Analytics: Science and Experience, 2016, vol. 9, iss. 38, pp. 2–19. URL: Link (In Russ.)
Alandarov R.A. [Reserves of growth of budget income base in the Russian Federation budgetary system]. Finansovaya analitika: problemy i resheniya = Financial Analytics: Science and Experience, 2014, vol. 7, iss. 43, pp. 27–39. URL: Link (In Russ.)
Korotina N.Yu. [Internal reserves of revenue growth in municipal budgets]. Finansovaya analitika: problemy i resheniya = Financial Analytics: Science and Experience, 2012, vol. 5, iss. 38, pp. 11–15. URL: Link (In Russ.)
Logacheva O.S. [Optimization of the structure of local budget outlays]. Aktual'nye voprosy ekonomicheskikh nauk, 2015, no. 43, pp. 154–158. (In Russ.)
Fedotova M.V. [The mechanism of inter-budgetary transfers to build the economic potential of municipal entities: The formation of an enabling environment]. Finansovaya analitika: problemy i resheniya = Financial Analytics: Science and Experience, 2016, vol. 9, iss. 31, pp. 17–28. URL: Link (In Russ.)
Kizil' E.V. [Improving a mechanism for financial assistance allocation to local budgets in terms of distribution of subsidies]. Finansovaya analitika: problemy i resheniya = Financial Analytics: Science and Experience, 2014, vol. 7, iss. 14, pp. 32–39. URL: Link (In Russ.)
Savina O.N. [On assessing the financial independence of municipalities under the current fiscal laws]. Finansovaya analitika: problemy i resheniya = Financial Analytics: Science and Experience, 2012, vol. 5, iss. 36, pp. 33–39. URL: Link (In Russ.)
Grobova V.P. [Current process of implementation of the local self-government functions]. Biznes. Obrazovanie. Pravo = Business. Education. Law, 2013, no. 3, pp. 23–26. (In Russ.)
Kabanov V.N. [Evaluation of effectiveness of the local self-government]. Biznes. Obrazovanie. Pravo = Business. Education. Law, 2013, no. 2, pp. 123–131. (In Russ.)
Balynin I.V. [Financial support of municipal formations in terms of economic turbulence: Priorities, problems and solutions]. Audit i finansovyi analiz = Audit and Financial Analysis, 2016, no. 2, pp. 163–167. (In Russ.)
Burmistrova A.A., Rodionova N.K., Kondrashova I.S. [Social and economic problems of development of rural territories and way of their decision]. Sotsial'no-ekonomicheskie yavleniya i protsessy = Socio-Economic Phenomena and Processes, 2014, no. 4, pp. 12–16. URL: Link (In Russ.)
Syatchikhin S.V. [Methods for assessing the efficiency of local budgets management]. Finansovaya analitika: problemy i resheniya = Financial Analytics: Science and Experience, 2016, vol. 9, iss. 1, pp. 35–46. URL: Link (In Russ.)
Burmistrova A.A. [Occurrence forms and structure of inter-regional disproportion of socio-economic development of regions]. Sotsial'no-ekonomicheskie yavleniya i protsessy = Socio-Economic Phenomena and Processes, 2010, no. 6, pp. 43–45. URL: Link (In Russ.)
Gorlova O.S. [The differentiation and distribution of incomes among the budgets of the budget system of the Russian Federation: The analysis of the mechanism and directions of improvement]. Ekonomika i predprinimatel'stvo = Journal of Economy and Entrepreneurship, 2014, no. 12, pp. 26–32. URL: Link (In Russ.)
Kashbraziev R.V., Panasyuk M.V. [Regional clusters as a form of territorial arrangement of industry]. Aktual'nye problemy ekonomiki i prava = Actual Problems of Economics and Law, 2007, no. 1, pp. 61–68. URL: Link (In Russ.)
Matveeva E. [State management of agrarian and industrial complex of the Russian Federation]. Predprinimatel'stvo = Entrepreneurship, 2008, no. 1, pp. 147–155. (In Russ.)
Musienko S.O. [Financial analysis and forecasting of the results of small businesses performance based on regression model]. Aktual'nye problemy ekonomiki i prava = Actual Problems of Economics and Law, 2017, vol. 11, no. 1, pp. 18–33. URL: Link (In Russ.)
Pin'kovetskaya Yu.S. [The genesis of the small and medium enterprises in the Russian Federation]. Voprosy upravleniya = Management Issues, 2013, no. 2, pp. 71–78. URL: Link (In Russ.)
Pin'kovetskaya Yu.S. [On the question about types and spheres of activity entrepreneurial structures in Russia]. Sovremennaya konkurentsiya = Journal of Modern Competition, 2015, vol. 9, no. 2, pp. 32–45. URL: Link (In Russ.)
Lavrent'eva E.V., Komarov O.K., Cherkasov V.E. [Fiscal policy of municipal entities as a factor of the human capital development]. Biznes. Obrazovanie. Pravo = Business. Education. Law, 2014, no. 4, pp. 53–57. (In Russ.)
Orekhova E.A., Plyakin A.V. [Spatial analysis and assessment of the economic potential potential of municipal districts]. Biznes. Obrazovanie. Pravo = Business. Education. Law, 2015, no. 1, pp. 98–105. URL: Link (In Russ.)
Gnezdova Yu.V. [The principles of the State financial control of the budget sphere in modern economic conditions]. Gosudarstvennyi audit. Pravo. Ekonomika = State Audit. Law. Economics, 2016, no. 2, pp. 43–48. (In Russ.)
