The Main Problems of Economic Development of Kazakhstan's Regions
The economic framework of local governance
The economic foundations of the local government of the Republic of Kazakhstan are:
- Municipal property;
- Local finance;
- Property in state ownership and transferred to the management of local governments.
The material and financial resources, which are the economic foundation of local government, determine in fact the efficiency of local government. The economic foundation for local governance is a set of legal norms that regulate social relations and which in turn, linked to the development and use of municipal property, local budgets and other local finance in the public interest the municipality [2].
Economic fundamentals provide the economic independence of local government, serve the needs of the population and create conditions for its life. Strengthening and development of the economic foundations of local government greatly affect the economic situation in Kazakhstan in general. This suggests that public authorities should promote the economic foundations of local self-government. In accordance with the Constitution of the Republic of Kazakhstan authorities ensure:
- Regulation by law, order, transfer the state property in the municipal;
- Transfer to local government material necessary for the implementation of specific state powers which may be vested by law with these bodies;
- Participation in solving problems through targeted regional programs;
- Compensation to local authorities the additional costs arising from the implementation of government decision-making;
- Development of state minimum social standards.
Local finance is an economic relationship, through which local governments mobilize, allocate and use in accordance with the functions entrusted to them part of the social product in the form of money. Local finance is an important component of the financial system of the state. They include local budgets, special off-budget funds and finance businesses owned by local governments.
The economic foundations of the local government of the Republic of Kazakhstan are:
- Municipal property;
- Local finance;
- Property in state ownership and transferred to the management of local governments.
The material and financial resources, which are the economic foundation of local government, determine in fact the efficiency of local government. The economic foundation for local governance is a set of legal norms that regulate social relations and which in turn, linked to the development and use of municipal property, local budgets and other local finance in the public interest the municipality [2].
Economic fundamentals provide the economic independence of local government, serve the needs of the population and create conditions for its life. Strengthening and development of the economic foundations of local government greatly affect the economic situation in Kazakhstan in general. This suggests that public authorities should promote the economic foundations of local self-government. In accordance with the Constitution of the Republic of Kazakhstan authorities ensure:
- Regulation by law, order, transfer the state property in the municipal;
- Transfer to local government material necessary for the implementation of specific state powers which may be vested by law with these bodies;
- Participation in solving problems through targeted regional programs;
- Compensation to local authorities the additional costs arising from the implementation of government decision-making;
- Development of state minimum social standards.
Local finance is an economic relationship, through which local governments mobilize, allocate and use in accordance with the functions entrusted to them part of the social product in the form of money. Local finance is an important component of the financial system of the state. They include local budgets, special off-budget funds and finance businesses owned by local governments.