INFLUENCE OF Participatory budgeting ON THE OPPORTUNITIES OF TERRITORIAL DEVELOPMENT

Abstract

The article examines various aspects of the implementation of participatory budgeting, considered as a tool for the development of the territories. The conceptual space of the category «participatory budgeting» is defined, domestic and foreign experience in implementation of relevant projects at the municipal level is studied, the factors of influence the examined tool on the possibility of the development of territories are formed, criteria indicators of implementation participatory budgeting in the municipality are proposed. The solution of local problemswithin the framework of participatory budgeting will contribute to the sustainable development of rural areas.