The Improvement of the Financial Mechanisms of RA Territorial Balanced Development

Abstract

The current level of territorial development disparities and its continuous expansion are the central issue of RA territorial policy. These disparities are also reflected in the financial capacity of the communities. As a result, it turns out that the regions in Armenia have developed and are developing unevenly, and the continuous differentiation of the financial capacities of the communities included in the regions, as well as the insufficient financial capacities of the communities, do not contribute to overcoming the asymmetries of territorial development. In this case, it becomes obvious that the improvement of the budget capacity management mechanisms of communities is a necessity.