Template-Type: ReDIF-Article 1.0 Author-Name: Vladimir V. Vagin Author-Email: vagin@nifi.ru Author-Workplace-Name: Financial Research Institute, Moscow, Russia Author-Name: Nadezda V. Gavrilova Author-Email: gavrilova@nifi.ru Author-Workplace-Name: Financial Research Institute, Moscow, Russia Author-Name: Natalia A. Shapovalova Author-Email: shapovalova@nifi.ru Author-Workplace-Name: Financial Research Institute, Moscow, Russia Title: Participatory Budgeting in Russia: Best Practices and Current Trends in Development Abstract: In this article for the first time in domestic academic literature was made an attempt to analyze and systematize Russian experience in participatory budgeting. In addition the authors examined the variety of practices from different regions including Local Initiatives Support Program, “People’s Initiative” and “People’s Budget”. The paper contains recommendations on how to develop the participatory budgeting practices and identifies the factors that cause problems in their implementation. Classification-JEL: Keywords: open budget, participatory budgeting, initiative budgeting, extra-budgeting, joint financing, local initiatives support program, People’s Initiative, People’s Budget. Journal: Finansovyj žhurnal — Financial Journal Pages: 94-103 Issue: 4 Year: 2015 Month: August File-URL: http://www.nifi.ru/images/FILES/Journal/Archive/2015/4/statii/10.pdf File-Format: Application/pdf Handle: RePEc:fru:finjrn:150410:p:94-103