Template-Type: ReDIF-Article 1.0
Author-Name: Vera V. Levina
Author-Email: vvl2004@mail.ru
Author-Workplace-Name: Tula State University, Tula 300012, Russian Federation
Title: Problems of Regional Participatory Budgeting Practices
Abstract: This paper discusses the various aspects of participatory budgeting as a regional practice. Using Tula region as the example, the author analyzes the problems associated with the selection of projects, the involvement of residents in the process of preparing projects, and the organization of financing. The
study has mainly used general scientific methods of systems-structural and structural-functional analysis as well as comparative research. It is established that the consolidation of the participants’ interests is a prerequisite for the preparation and selection of a larger number of participatory projects. Reasons for the prevalence of educational projects and the institutional mechanisms of their preparation are shown. In addition, the article addresses the role of the residents’ interest in the implementation of projects as an intermediate link between their awareness and involvement. Based on the analysis, it is concluded that involvement management and budget planning optimization have a multidirectional effect on the modernization of proactive budgeting mechanisms. As a result,
significant amounts of subsidies from regional budgets have been found to have an ambiguous effect on the efficiency of involving residents in the processes of proactive budgeting. Recommendations for improving regional practices of participatory budgeting are formulated; these include control of the number of participants in the preparation of projects and voting, more attention to mechanisms for coordinating the interests of participants in proactive budgeting, and modernization of the mechanism for distributing subsidies. The article proposes the optimal balance of citizen involvement in participatory budgeting and co-financing of their initiatives from municipal and regional budgets.
Classification-JEL: H72, H77
Keywords: regional budget, local budget, participatory budgeting, subsidies, involvement
Journal: Finansovyj žhurnal — Financial Journal
Pages: 110-121
Issue: 4
Year: 2021
Month: August
DOI: 10.31107/2075-1990-2021-4-110-121
File-URL: https://www.finjournal-nifi.ru/images/FILES/Journal/Archive/2021/4/statii/08_4_2021_v13.pdf
File-Format: Application/pdf 
Handle: RePEc:fru:finjrn:210408:p:110-121