DEVELOPMENT'S MANAGEMENT OF FINANCIAL CAPACITY OF BUDGETS OF TERRITORIAL COMMUNITIES

Abstract

The article analyzes the process of budget formation of Novoslobod community, identifies a number of problematic issues regarding the effectiveness of its formation and substantiates the areas of increasing the capacity of the local budget. The system of territorial community development management system defines the mechanism of public involvement in the budget process by providing for relevant provisions in the regulations, which will increase the efficiency of planning the revenue and expenditure components of the budget by 7.0%. The necessity of developing a system of measures to raise funds by conducting an inventory of property and assets, auditing land plots and creating favorable conditions for business is substantiated. In terms of ensuring the reduction of budget expenditures of Novoslobod community, it is necessary to conduct optimization processes for the activities of educational institutions and clubs. The increase in the financial capacity of the budget will be achieved by increasing personal income tax revenues, increasing the amount of local taxes and other taxes and fees. Forecast quantitative estimates of public involvement in the budget formation of Novoslobod community, land inventory, small business development and local budget optimization determine the positive dynamics of financial capacity of the community budget in terms of growth of the capacity ratio, the growth rate of which is set at 12.2%. The tendency to increase the land tax is determined. The issue of maintaining cultural and educational institutions remains problematic. It is proved that the implementation of the planned measures will increase the capacity of local budgets and increase the effectiveness of development management of the studied territorial community in terms of increasing development expenditures.