Prospects for development of initiative budgeting in mobilization economy

Abstract

In modern Russia, the initiative budgeting mechanism has been developing systematically since 2015. The practice has been launched in 51 out of 85 constituent entities of the Russian Federation. This phenomenon is an urgent topic for research, in connection with its priority for the state as one of the important directions for the openness of the budget system development and degree of citizens’ satisfaction with the results of the budget policy improvement. The purpose of this study is to analyze the possibilities of the initiative budgeting practice development in the mobilization economy, which, apparently, for a certain time will become the main model of economic development in Russia. Such general scientific methods of research as comparison, analysis, statistics, and induction were used in the article. The study concludes that the initiative budgeting should be developed in the current state of the Russian economy as the social and managerial positive effects exceed the possible costs of the suspension of the practice.

Keywords

• initiative budgeting
• mobilization economy
• public finance
• local budget
• budget expenditures
• municipality