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Financial Mechanism of Participatory Budgeting in the Russian Federation

Author

Listed:
  • Vitalii A. Fedosov

    (Saint Petersburg State University of Economics, Saint Petersburg 191023, Russia)

  • Valeriya V. Bogatchenko

    (Saint Petersburg State University of Economics, Saint Petersburg 191023, Russia)

Abstract

Participatory budgeting is one of the most actively developing forms of public participation in the budget process. Participatory budgeting practices implemented in the Russian Federation differ significantly from each other, which suggests that it is necessary to study further their financial mechanism. The authors has summarized the features of the financial mechanism in the implementation of various practices of participatory budgeting, and has highlighted and described the elements related to the following: implementation of participatory budgeting projects; accompanying participatory budgeting practices; and maintenance of objects created as a result of participatory budgeting practices implementation. The problems that are arising in the process of financing various participatory budgeting practices are systematized, and possible ways of solving them are proposed.

Suggested Citation

  • Vitalii A. Fedosov & Valeriya V. Bogatchenko, 2019. "Financial Mechanism of Participatory Budgeting in the Russian Federation," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 3, pages 117-127, June.
    • Handle: RePEc:fru:finjrn:190309:p:117-127
    DOI: 10.31107/2075-1990-2019-3-117-127
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    References listed on IDEAS

    as
    1. Vladimir V. Vagin & Natalia A. Shapovalova & Nadezda V. Gavrilova, 2017. "Factors, Opportunities and Restrictions for the Development of Initiative Budgeting in the Russian Federation," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 1, pages 103-113, February.
    2. Vladimir V. Vagin & Natalia A. Shapovalova, 2018. "Status of Initiative Budgeting in the Russian Federation: New Trends and Opportunities for Development," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 1, pages 110-122, February.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    participatory budgeting; budget; financial mechanism; co-financing; subsidy;
    All these keywords.

    JEL classification:

    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures
    • R50 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - General

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