WAYS TO ENSURE THE FINANCIAL STABILITY OF LOCAL BUDGETS
DOI:
https://doi.org/10.55439/EIT/vol12_iss1/i2Keywords:
local budgets, high budget, financial and economic basis, economy of Regions, budgetary system, investment projects of a foreign country, financing, basic capital, development strategy, financial stability, foreign economic activity, Inter-budgetary relations.Abstract
This article provides the framework for the development and implementation of territorial policies, making decisions at the state level in investment and other areas. At the same time, the financial resources and economic potential of the regions, their level of financial stability, can arouse interest in foreign entrepreneurs who aim to do business in our country. Therefore, it is an important factor to dramatically reduce the dependence of local budgets on the central budget, radically reform Inter-budgetary relations and ensure the independent work of state authorities on the premises in the effective management of funds of local budgets. One of the important issues in this is the expansion of the base of local budgets ' own income, ensuring their financial stability on the basis of optimization of cost obligations.
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