Chulkov A.S.Kuban State University, Krasnodar, Russian Federation achulkov@mail.ru
Subject The article considers prospects for participatory budgeting in Russia. Objectives The aim of the study is to review the participatory budgeting concept and develop guidelines for its development in the municipalities of Russia. Methods I analyze the basic principles of the participatory budgeting concept. Using a grouping method, I identify additional features and suggest a new definition of the participatory budgeting. Results The study proves that for the most efficient implementation of the concept of participatory budgeting in municipalities, local government authorities should be ready to use the opportunities offered by participatory budgeting. It is necessary to have available and complete information on local budgets, provide for involvement of citizens in the budget process in municipalities, and responsibility of both parties for their decisions. Conclusions The described approach to local budget planning has advantages for both the population and local authorities. The analysis of international experience and first results of testing the model in local municipalities may be useful for practical implementation of participatory budgeting projects.
Keywords: municipal finance, initiative budgeting, transparency
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