Factors influencing the initiative budgeting development in Russia's regions Online publication date: Fri, 07-Jun-2024
by Valentina Derbeneva; Dmitry Gladyrev; Natalia Starodubets; Jacek Binda
International Journal of Trade and Global Markets (IJTGM), Vol. 19, No. 3/4, 2024
Abstract: Initiative budgeting as a form of civil participation in the budget process is becoming an increasingly popular tool for involving the population in decision-making at the local level. The purpose of this study is to identify stimulating and discouraging factors affecting initiative budgeting development in Russia's regions. To assess the factors, the paper uses a spatial approach to civil participation in budgetary issues in the categories of static and dynamic spaces. The study applies conventional linear econometric regression to assess the impact of external factors. As a result, it was revealed that the initiative budgeting development in the regions is largely determined by the level of democratism in the implementation procedures of initiative projects. The model results suggested a positive relationship between the average salary in the region and the amount of budgetary allocations for initiative budgeting projects.
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