Formation of Local Budget Revenues in the Modernization of the Economy

 Today, among the state measures to ensure the effective implementation of the state budget, it is important to make extensive use of the treasury services and to make radical changes in budget practice on this basis. Simply put, the treasury is a special financial body that manages the revenues and expenditures of the state budget. The treasury system looks different in different countries. In most countries, it is organized under the Ministries of Finance, has certain rights and is subordinate to it in the conduct of its activities. In some countries, the treasury includes departments and agencies that play a key role in the management of public funds and perform the functions of fiscal and customs policy