FACTORS AFFECTING THE ENSURING FINANCIAL SECURITY OF THE LOCAL BUDGET

Abstract

The main role in ensuring the financial security of the local budget is played by the nominal values and financing of social programs. Financial stability is one of the important factors ensuring the strength and efficiency of local budgets. This article comprehensively analyzes the ways to ensure the financial security of local budgets and puts forward scientific and practical proposals for their strengthening. The main directions of the study are the expansion of the revenue base of local budgets, effective management of expenditures and increasing financial independence. Methods such as increasing tax revenues, diversifying local revenue sources, developing publicprivate partnerships and attracting investments are evaluated as effective tools for ensuring financial stability. The article also pays special attention to the issues of rational use of local budget funds, introducing an electronic budget system and strengthening state financial control. The need to reduce the dependence of local authorities on the central budget and expand the possibilities of financing infrastructure and social projects from their own funds is based on.