Issues of formation local finances of the municipality

In an article, such concepts as local finance, the value of local self-government, the formation of local finance, a role of formation of local finance of development of the municipality is considered. The practice of formation of local finance and its improvement in the municipality is considered. Authors note that at the moment local self-governments of many municipalities have no enough economic opportunities to influence the execution of the tasks set for them without the aid of public authorities. In the conclusion, the conclusion is drawn that presence of sufficient volumes of financial means and a concentration in local budgets of a certain part of financial resources allows local government bodies of the municipality to solve centrally problems of necessary strategic development of the territories and branches, and also to level inequalities and disproportion in economic social development of territories and the population of the municipality.