Options for financial support of local issues

Abstract

The search for additional options for financing issues of local importance and the organization of economic activity of municipalities is particularly relevant in the context of the economic crisis and budgetary constraints in Russia. According to the author, the reason for the low activity of municipal-private partnership projects is often explained by the complexity of interaction between business and municipalities. It is obvious that only cooperation and interaction at all levels can ensure the solution of a number of problems, and, as a consequence, municipal development. The tool of such inter-municipal, inter-level, within the municipality cooperation with citizens and business can be a target bond loan for the implementation of a specific project. The author substantiates this hypothesis on the example of foreign practice, as well as considering a specific example of a possible municipality with the use of a bond and possible restrictions on the use of this tool.