Abstract:
The article deals with the pressing issues of the development of local self-government in the
Republic of Kazakhstan at the current stage. The feature of the reforms, currently underway, is the
strengthening of financial independence of local self-government bodies. First of all, it is attributed
to the introduction of the independent budget at the local self-government level. The study brings into
the light the systemic nature of the budget process and analyses the world’s best reformation
practices for the budget process. The systematic approach helps reveal the distinguishing
characteristics of budget decision making in the context of costly and programme-targeted planning
models. It also allows investigating the business climate adequately and finding optimal paths for
development. The results from this research involve the aspects and significance of the management
of the budget system of the Republic, on the basis of which the relevant conclusion has been drawn.
