Development of initiative budgeting models in the Russian Federation

This study is aimed at analyzing the formation and functioning of an initiative budgeting tool within the framework of the development of financing models and mechanisms. In the process of work, statistical data presented by the NIFI of the Ministry of Finance of the Russian Federation in the field of quantitative, relative indicators are analyzed. Budgetary and extra-budgetary financial support mechanisms, their components, and dynamic indicators are allocated in order to determine the state for the current and future periods. Initiative payment is highlighted as a fundamental tool due to its features, characteristics and relative novelty in the implementation process in 2021. Using the results presented in the framework of this study, it is possible to draw a conclusion about the specifics of financing initiative budgeting, forms of raising funds through budgetary and extra-budgetary mechanisms in the process of implementing initiative projects.