Answer to Question #237519 in Economics for Charmaine

Question

Guidelines says :your discussion should cover the extend of apportionment that will depend on the fiscal position the council level of services offered in the municipality, economic development activities, infrastructure backlog and the urgency in which council has prioritized addressing challenges

Topic 

In municipality of your choice discuss how the annual budget is allocated to operational expenses

6 pages

Answer 1

The local budget is one of the main channels for communicating

to the population of the final results of production. Through them, public consumption funds are distributed among individual groups of the population. The development of industries is also financed to a certain extent from these budgets. The production sphere, first of all, the light and food industry, utilities, the volume of products and services of which are also important components of ensuring the life of the population. That is, the local budget is the central fund of financial resources of a separate municipality, the formation, approval, and execution, as well as control over the execution of which are carried out by local self-government bodies independently.