Theoretical Aspects of the Municipal Revenues Essence

Abstract

Ensuring the balance of local budgets is one of the priorities of Russia's modern budget policy. Studying this issue initially requires a correct interpretation of the essence of municipal revenues. Comparative analysis of foreign and domestic experience in the formation of the local budgets revenues shows that municipal revenues are not identical to local budgets revenues if we consider their essence from the position of territorial affiliation, that is, as financial resources accumulated and used within the boundaries of the municipality.