Abstract

In the article the authors consider the issues of ensuring sustainable development of territories on the example of municipalities, methods of monitoring and evaluating the rating of a municipality, in particular, investigate the possibility of compiling a comprehensive rating for assessing the budget potential of a territory in order to analyze its impact on sustainable development. The authors also analyze the satisfaction of the population of municipalities with the activities of local authorities, including on the basis of an assessment of budgetary performance indicators. The authors suggest possible directions for applying the approved methodology for rating the sustainable development of municipalities to form a territory development strategy.

Highlights

  • Considering the municipality as an independent, complex dynamic economic system, corresponding to the general theory of systems, we will examine the questions of achieving sustainable development of local government, the organization of municipal finances in order to ensure the sustainability of the municipality

  • There should be an active power built on the best practices and budget management theory, civil society, their new role in ensuring a strategic social and economic result for the territory aimed at sustainable development

  • The indicators selected by experts characterizing the state of the budget, the socioeconomic development of the municipality, the population’s satisfaction with the activities of local government adequately reflect the main aspects of the life of a particular territory, and because of this, they reasonably form the basis of the proposed methodology for forming a comprehensive sustainable development rating of municipalities

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Summary

Introduction

Considering the municipality as an independent, complex dynamic economic system, corresponding to the general theory of systems, we will examine the questions of achieving sustainable development of local government, the organization of municipal finances in order to ensure the sustainability of the municipality. Development is a self-sustaining state, i.e. one that does not contradict the future existence of mankind and its development in the same direction. The sustainable development of a municipality means the ability of a municipal socioeconomic system to change from one non-equilibrium state to another, achieving a higher level and quality of population life, ensured by a sustainable, balanced and mutually non-destructive reproduction of the socio-economic and environmental potentials of the municipality

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