INCREASE PROFITABILITY OF THE REGIONAL RESOURCE BASE IN A DECENTRALIZED ENVIRONMENT

The article reveals the scientific opinion of the author on local finances not only as part of public finance, but also independent economic category. Much attention is paid to the reform of local finance, the development of an effective mechanism that would define new principles of local budgets. Budget mechanism is seen both as a component of finance, and as a result the impact of economic processes in the country in socio-economic development areas. The issue of discrepancies economic substance of value added tax, income tax and tax on personal income. The influence of local taxes and fees on the budgetary part of local finance. Identified and invited those who can play the most significant role in the local and regional economy. In this connection the proposed alternative separation structure of local budgets for general and special funds.