INITIATIVE BUDGET AS A TECHNOLOGY OF LOCAL SELFGOVERNMENT

The initiative budget is one of the important tools of modern local selfgovernment, which allows citizens to directly influence the processes of formation and usage of local budget funds. The study focuses on analyzing the role and significance of budget initiatives in the development of democracy, increasing transparency and efficiency of management at the local level. The study examines the main stages of implementing budget initiatives, their advantages and challenges, and also proposes recommendations for improving this mechanism in the context of modern economic and social changes.