MUNICIPAL FINANCE AS A RESEARCH SUBJECT
This article is devoted to the research category «finance municipalities». Consider the point of view of various authors to the problem of determining the structure of the financial system. The conclusion about its ambiguous interpretation. The author proposes to consider the financial system and in terms of the level of public authorities: the state, regions and municipalities; based on the challenges faced by the appropriate level. The concept of «municipal (local) finances». The author accented attention to the non-identity concepts of «municipal (local) finances» and «finances of municipalities». The first concept is associated primarily with the level of the budget system; and the second term – to the local budget and finance economic entities functioning to address local issues in order to improve the quality of life living in the municipality population. The paper identified the need for a comprehensive and systematic research category finance municipalities' set objectives of the study.