THEORETICAL ASPECTS OF RESEARCH AS A TOOL CONTROL ON THE FORMATION OF FINANCIAL RESOURCES OF LOCAL BUDGETS

Abstract

Abstract. The formation of new system of government control of resources of local budgets
should be grounded on usage of financial instruments of management. That is necessary for ensuring
social-economical stability of the country.
Now days, considering to the growth of local government’s needs, theirs percentage funds are
constantly decreasing. As international experience shows, the successful development of the regions
of each country mainly depends on the amount of financial resources allocated to the development
of socio-economic areas to meet the needs of the population is provided, including the
effective management of this resources.
We note the relevance of the study of the nature and definition of the financial resources of
local government, as well as instruments of financial control.
After analyzing the basic definitions of financial resources of local budgets in the context of
an instrument of financial control, we should note the need for improving the economic interpretation
of the term «financial resources of local budgets». It is proposed to consider the potential
resources identified in the implementation of financial control tools, such as increasing
control and analytical maintenance of tax on personal income by increasing wages and legalization.
Key words: financial instruments, potential resources, financial resources, local budgets,
financial control and taxes.