International experience of budget adjustment of socio-economic development of regions

Abstract

The article analyzes the intergovernmental relations in the world and their impact on the socio-economic development of regions. Determined that the public policy of the EU aims to increase the competitiveness of each region and the level of socio-economic development of the poorest regions. For the purpose of socio-economic development to the executive branch of local government powers entrusted to implement the budget. The main feature of these activities is the accumulation of revenue to cover the costs budgeted. Established that the growth and structure of income and expenditures of local budgets in different countries vary, reflecting the degree of financial autonomy of local governments and regions dependent on funds from the state budget.