THE ROLE OF LOCAL BUDGETS IN THE ECONOMY AND THEIR USE

Abstract

The present paper considers the theoretical and practical aspects of local budgets as well as their role in financial support for the implementation of state tasks of Afghanistan. The essence of the local budget is revealed in the context of interbudgetary relations. The paper presents an analysis of the economic mechanism for the formation of local budgets, namely the dynamics of the formation of the local budget of Pavlodar city. The authors consider the development trends of interbudgetary relations based on greater independence of local authorities and analyze modern models and methods of local budget management. The paper addresses problems associated with assessing the efficiency of local budget management and shows how to solve them.