FOREIGN MODELS OF INTER-BUDGET RELATIONS

Abstract

During the formation of the Kazakh economy, considerable experience has been accumulated in regulating relations between budgets, while many years of practice of budget regulation in foreign countries has played a significant role in the development of methods of managing inter-budget relations in Kazakhstan. However, many economists felt that the reproduction of a relationship scheme could not be applied as a standard to all States. The potential of territorial regulation and the viability of a model of inter-budget relations depend not only on the level of State resources established in the historically defined socio-economic conditions of a given country, but also on political stability outside it. A clear division of spending powers and the granting of sufficient sources of income to all levels of government to carry out the functions assigned to them is the key to an effective model of organizing inter-budget relations.