LOCAL BUDGET EXPENDITURES MANAGEMENT

Background. In the course of fiscal policy, special attention should be paid to the economic relations in the process of state and local budgets formation. In this regard, important both in theoretical and applied aspects of the research is the essence of local budget expenditure management to improve the efficiency of their use. The aim is the disclosure of the economic substance of local budget expenditure management, strategic and tactical problems of expenditure management, factors that affect the amount and structure of expenditures, objectives and principles of local budgets expenditures. Materials and methods. The methodological basis of the study is the system of general and special methods such as dialectic method of knowledge, systems analysis, synthesis. Results. The essence of local budget expenditures and local budgets expenditures management were defined, the strategic and tactical goals expenditure management, factors that affect the amount and structure of expenditures, objectives and principles of expenditures of local budgets were described. Conclusion. Local budget expenditure management is central not only to budget management system but to a system securing state policy as well. The success of local budget expenditure management requires improvement of information and methodological base for management decisions aimed at improving the efficiency of budget spending.