DIRECTIONS FOR EFFECTIVE USE OF INITIATIVE BUDGETING METHODOLOGY IN THE FIELD OF PUBLIC FINANCE

Abstract

In this article, the emergence of fiscal consequences of the application of the initiative budgeting methodology in the field of public finance is studied, and based on this, suggestions are made to find reserves for increasing the income of local budgets. On the part of the author, the possible strategies for conducting an experiment on the introduction of proactive budgeting in the regions have been suggested. It was concluded that the initiative budgeting methodology allows to create methods of encouraging local government bodies and citizens to increase the income of local budgets.