Trends and best practices in the formation and execution of municipal budgets under uncertainty (the case of Sverdlovsk region)[Тренды И Лучшие Практики Формирования И Исполнения Бюджетов Муниципальных Образований В Условиях Неопределенности (Кейс Свердловской Области)]

The current state of uncertainty of socio-economic development imposes requirements for optimizing the finance sector of local territories of Russia, as the closest to customers public sector services of economy, which actualizes theoretically and practically, the scientific problem of achieving the balance between local budgets, from the position of sufficient sources of revenue base, and optimal and effective expenditure obligations of local governments. In this research, the task is to analyze the current structure of revenue sources and priorities of spending directions of municipal budgets, the existing typical problems of their formation and execution in the current three-year period and possible "best practices" as "recipes" for balancing the interests of participants in the budget process. The methodological basis of the research was the author's methodology of local budgeting, based on the concept of competitive federalism and welfare theory in the context of subsidiary and allocation functions. The information base of the article was the benchmarks of the draft budgets of a number of city districts of the Sverdlovsk region, obtained by the author from official sources and the analytics of the webinar with representatives of the financial bodies of the Sverdlovsk regional local government. The working hypothesis of the research suggests that the budgets of municipalities with the urban districts status are most represented in the territorial structure of budgetary federalism of Russia and this case will be useful for other local budgets and subjects of the Russian Federation specializing in industrial production. As the research results, a pool of the best methods of local finance management in the form of practical recommendations to local governments in the medium-term trends of socio-economic and financial uncertainty is substantiated.