Social effects of initiative budgeting and population quality of life

The initiatives of local communities aimed at improvement of the social infrastructure of settlements are an important resource for raising the quality of life. Awareness of this fact has led to formation of the global trend characterized by involvement of citizens in the decision-making process in the sphere of urban and settlement planning and development, management, solving budgetary matters. Russia has gained a considerable experience in implementation of initiative budgeting projects, formed a variety of practices and design centers. Solving local problems in initiative budgeting is accompanied by a number of additional economic, administrative and social effects. This phenomenon is considered in the article.