"PEOPLE’S BUDGET" AS A FORM OF CITIZENS’ PARTICIPATION IN THE FINANCIAL ACTIVITY OF THE STATE AND MUNICIPALITIES
One of the major problems in the field of issues aimed to ensure openness and transparency of public finances is currently the low level of citizens’ interest and participation in the budgetary process. At present regions use various forms of citizens’ involvement into budgetary funds’ administration. One of these forms is the project „People’s budget“. The author analyzes regional and municipal practice of the project’s implementation and comes to the conclusion that it’s necessary to summarize this practice for its application by other constituent entities of the Russian Federation.