PROSPECTS FOR THE DEVELOPMENT OF PARTICIPATIVE BUDGETING

Abstract

The state budget is an important instrument of macroeconomic management in the economy, the effectiveness of which determines the success of the government in achieving socio-economic goals. The state budget is an instrument for the implementation of socio-economic policy and priorities that affect the life of the population. One of the modern methods of budgeting, based on the participation of citizens in the budget process, is the practice of "Participatory budgeting", which is used by many countries at the present stage of development of budgetary relations.