Ways to optimize inter-budget relations in the Republic of Kazakhstan

Abstract

In this article, the authors considered the principles of the budget system, implemented their comparative differentiation and analyzed the process of moving funds from one level to another in the form of a transfer of funds in inter-budgetary relations. Inequality of tendencies of formation of budget revenues in these regions is also noted, the needs for the emergence of inter-budget relations and the volume of gross domestic product in the territory of the republic with low concentration of the number and volume of large producers in the domestic market are determined in the context of regions. During the study, the authors also analyzed the volume of subventions from the republican budget, budget exemptions from the local budget and the ratio of subventions to budget exemptions: it is noted that the mechanism of subventions and exemptions leads to a decrease in the share of tax revenues in local budgets against the background of growth of transfers from the republican budget, which, in turn, contributes to a decrease in the independence of local authorities. The main purpose of the scientific article is to analyze the financial policy of the state with regard to the optimization of inter-budget relations in the RK, to identify problems and consider ways of solution. In assessing the state and identifying the problems of inter-budget relations in the country used general scientific methods of research, methods of statistical and comparative analysis. According to the results of the study it was established that to increase the tenge of inter-budget relations a number of measures are taken, in particular, the work on expanding financial autonomy and stimulating local executive bodies to develop the regional economy and increase the revenues of local budgets has been implemented. The conclusions and proposals of the study can serve as a scientific basis for the implementation of policies related to inter-budget relations of the RK.