How Local Budgets Influence the Development of Regions: Socio-Economic Aspect

Abstract

This study examines the relationship between local budget revenues and the socio-economic development of regions. Utilizing data from various regions, the analysis explores how variations in local budgetary income influence key socio-economic indicators such as employment rates, infrastructure development, and public services quality. The findings suggest that higher local budget revenues significantly contribute to enhanced regional development, fostering economic growth and improving living standards. Policy recommendations are provided to optimize budget allocation strategies for sustainable regional development.