The Second Issue of the Financial Journal 2021

The second issue of the peer-reviewed scientific and practical periodical Financial Journal (ISSN 2075-1990) in 2021 has been published. The topic of the issue is “International and country specifics of participatory budgeting development”.    

Articles of the issue are available in open access on the pages of the Financial Journal’s website as well as in the Open Academic Journals Index (OAJI) international database. In the next few days, they are to be uploaded to eLIBRARY.RU and CyberLeninka scientific electronic libraries, and indexed in RePEc international database.

The current issue opens with the article “The Role of Participatory Budgeting in Forming an Ecosystem of Civic Participation in State and Municipal Governance” by V.V. Vagin and E.S. Shugrina. The purpose of the article is to substantiate the ecosystem approach as a basis for building a model of citizen participation in state and municipal governance, manifested in the laws of the Russian Federation, strategic planning documents, and other regulations, as well as in participatory practices of budget decisions.

Over the past few years, Italy has been setting the stage for different democratic innovations, including those at the regional and municipal (or sub-municipal) levels of government. In their article “On the Verge of Institutionalisation? Participatory Budgeting Evidence in Five Italian Regions”, G. Allegretti, M. Bassoli and G. Colavolpe present an overview of the state of participatory budgeting in different areas of Italy.

Participatory budgeting may contribute to achieving the Sustainable Development Goals and serve as a mechanism for testing numerous innovative approaches to public services provision. These matters are addressed in the article “Participatory Budgeting as a Tool Contributing to the Achievement of the Sustainable Development Goals” by T.I. Vinogradova.

Russia has become the tenth country in the world to implement national legislation on participatory budgeting, with a number of Russian regions having adopted their respective laws. A paper by E.M. Mrachek and I.V. Valyushitskaya discusses the experience of participatory budgeting development in Krasnoyarsk Territory, whereas the practice of participatory budgeting implementation in Saint Petersburg—one of Russia’s leaders in promoting civic participation in budget decision-making—is summarized in articles by N.G. Lukyanova, and N.G. Ivanova and V.A. Fedosov.