STATE BUDGET AS THE LEADING LINK OF THE FINANCIAL SYSTEM OF THE STATE

Аннотация

It is common knowledge that the efficiency and effectiveness of the state's functions are largely
dependent on the construction of an appropriate public financial management system. One of the main tasks of public
finance management is to contribute to the sustainable and efficient economic development of the country through
the optimization of intergovernmental fiscal relations.
In the Republic of Kazakhstan, a cooperative model of inter-budgetary relations was adopted, characterized by
the existence of own and regulated taxes for each level of the budget system, increased responsibility of the center
for the state of local budgets and an allowable-justified restriction on the actual independence of local authorities in
matters of external borrowing. Also, a developed mechanism for the redistribution of financial resources between the
levels of the budget system through transfers.