State and municipal finances - is an indispensable link in the chain of the financial system.They provide the material means all authorities at the state level and at the level of local government, so that they could carry out the work stipulated by the acts of legislation, and especially the Constitution.
Municipal Finance - a combination of economic and social relations that arise in connection with the formation of funds, their distribution and use with a view to solve the problems of the municipality.They develop between people living in the territory, part of the municipality, and local authorities in the community.
Municipal Finance consists of:
- funds owned by the municipality;
- securities (state and municipal), which belong to the local government, its executive bodies;
- extra local funds;
- other Finance, which owns the municipality.
principles upon which municipal finances are in:
- publicity;
- financial support of the state;
- independence.
Municipal finance the owner may use the means of representing the local government on behalf of the population living on the territory of a particular municipality.Also, regarding the rights of the owners of this type of finance can be carried out by the population, subject to local regulations.
Municipal Finance, together with the property of the municipality, with the property that the state has transferred into the possession of the authorities of local government, together with other types of property, which are used to meet the needs of the population living on the territory of a particular municipality, constitute a powerful economic basis for local government.
Persons who are in power and control by the municipality shall be entitled to bring the listed facilities owned legal entities or individuals for the use (permanent or temporary), alienate and lease.
Terms privatization of the municipality, its order can be established by the people or by yourself, or bodies representing local government.Profits derived from the privatization of those facilities owned by the municipality, the local budget comes entirely.
Funds separate municipality are centralized in the local budget.His form, adopt and maintain control over the execution itself bodies representing local government.Estimated local budget expenditure and may contain some areas that are not part of the municipality.Incomes of local budgets are replenished through:
- various fees and fines;
- local taxes;
- federal taxes and state taxes of subjects in accordance with the norms established by the legislation;
- money that government passes bodies representing local government, so that they have implemented state powers;
- funds received from the privatization of the property of the municipality or by putting it in the lease;
- funds from lotteries and loans;
- percent of the profits of enterprises;
- all kinds of subsidies, transfer payments, subsidies and other means are not contrary to law.
body representing the local government has the right to dispose of the profits coming at their own discretion.The state government should not withdraw the amount in excess of revenues over expenses, if any remains.Also, it should be across the federal agencies to provide municipalities a minimum local budgets, ability to cover the minimum cost of the municipality, using permanent fixed sources of income.Limiting the minimum local costs established by the legislation on the basis of the lowest standards of filling the budget.
