THE IMPORTANCE OF MUNICIPAL PROGRAMS IN THE BUDGET PROCESS

Abstract

The development and introduction into the budget process of programs designed for all levels of the Russian budget system made it possible to draw up the budget as a policy document defining targets and results to be achieved in the execution of the financial plan of the government. The relevance of the subject is determined by the reform of the budget process in the part of the budget expenditure planning. The local finances play a significant part in the financial system since they convey the results of the financial, economic and social activities of companies andorganizations to direct consumers of federal and municipal services and transform the economic potential intoconcrete results - a higher living standard or a comfortable environment. The purpose of the paper is to examine the organization and the legal support of municipal programs. The paper describes how a municipal program is developed and what methods are used to assess its effectiveness. It is concluded that program implementation reports should be published on a regular basis.