Местный бюджет как инструмент экономического и социального роста: пример города Севастополя
Local budget as instrument of economic and social growth: example of Sevastopol

Summary/Abstract: The article considers peculiarities of applying budget levers for the development of city in the conditions of transforming tax and budgetsystem, determines the main difficulties in the realization of programs of social and economic development by means of budgeting.Aim of the article is analysis of current possibilities for applying theoretical approaches in practice of financial management ofsocial and economic development on the example of local budget of Sevastopol.Conclusions: Local budget and budget levers are for the time being decisive in social and economic development of cities. Concentrationof financial resources in single budget system permits to realize advanced programs and strategic plans. Priority of the state policy ofUkraine is provision of the reliable social protection for the most vulnerable population: invalids, combatants, veterans of war and labor,family members of dead soldiers, Chernobyl cleanup veterans, pensioners, families with children, disadvantaged and other unprotectedcitizens. Their social and economic interests may be realized within the framework of budget mechanisms with the participation of highlyqualified financial experts and business practitioners. Science and higher education system accumulating financial innovations, advancedexperience and the newest technologies may activate financial methods of social and economic development.

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