On the Issue of the Establishment of the Institution of Local Self-Government Bodies in Cities and the Importance of Local Finance for the Population of Public and Legal Entities: Historical and Legal Aspect

Abstract

The history of the establishment of the institution of local self-government is one of the key aspects for understanding the fundamental principles of empowering local governments with financial powers. Given the enormous importance of municipal finance for the public of legal entities, it is necessary to clearly understand the origins of the emergence of the principle of independence of local budgets. The article analyzes the development of ideas about local self-government from the financial point of view. The main ideas and ways of their realization in various historical periods are designated.