| | PROBLEMS OF MODERN ECONOMICS, N 4 (60), 2016 | | FINANCE AND CREDIT SYSTEM: BUDGET, CURRENCY AND CREDIT REGULATION OF ECONOMY, INVESTMENT RESOURCES | | Vagin V. V. Head of the Center of Initiative Budgeting, Financial Research Institute under Russian Ministry of Finance (Moscow), PhD (Philosophy)
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| The article focuses in initiative budgeting, i.e. participation of initiative citizen groups in the selection of priorities of budget expenditures and the presence of this question on the agenda of international economic organizations. Involvement of citizens in the territorial development and the improvement of the public infrastructure within the sphere of activity of official organization brings evidence to the significance and the potential of this topic in the context of the international economic cooperation | Key words: initiative budgeting, participatory budgeting, territorial development, development of the public infrastructure, BRICS | Pages: 124 - 126 |
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