COORDINATION OF INTERESTS IN THE BUDGET POLICY OF THE RUSSIAN REGIONS

Abstract

Modern regional and municipal budgetary policy is characterized with the high level of centralization of the budgetary system. In order to search the internal reserves to improve budgetary policy at the territorial level, it’s interesting to consider it in the context of identifying and harmonizing the interests of territorial authorities, population and business. The paper considers the opportunities of coordinating the interests of territorial authorities and the population in the framework of such financial interaction mechanisms as self-taxation of citizens and initiative budgeting and also analyzes the use of “budgets for citizens” as a possible tool of information impact on the interests of residents. The author characterizes subjective factors, affecting the content of interests and analyzes certain aspects of the behavior finance concept as the basis for the investigation of these interests. The analysis made it possible to identify the contradictions in the interests of the territorial authorities, population and business structures and outline the ways for their harmonization.