The development of initiative budgeting and its impact on the financial and budgetary security of the region

Abstract

The article considers initiative budgeting as a tool to ensure the participation of citizens in the budget process, a factor in the growth of own incomes of regional and local budgets, the impact of the development of initiative budgeting on the financial and budgetary security of the region and the municipality. The analysis of the dynamics of initiative budgeting practices implemented in the Russian Federation is carried out, the subjects of the Russian Federation leading in financial support of initiative budgeting projects in 2020 are identified. The impact of initiative budgeting on the financial security of the region and the municipality is presented in a formalized form. On the example of the city of Novosibirsk, an assessment of financial coefficients characterizing the level of budget security is given, and prospects for the development of initiative budgeting, which will contribute to ensuring the financial and budgetary security of regions and municipalities, are presented.