Sustainable development of municipalities: financial assurance infrastructure

¹ St. Petersburg State Economic University, 21, Sadovaya st., St. Petersburg, Russia
² St. Petersburg State University, 7-9, Universitetskaya Emb., St. Petersburg, Russia
³ Institute of Regional Economic Problems of the Russian Academy of Sciences, St. Petersburg, Russia
⁴ St.-Petersburg State Institute of Film and Television, 13, Pravda st., St.-Petersburg, Russia

^* Corresponding author: dolgache@mail.ru

Abstract

In the conditions of modern challenges, the issues of infrastructure support for the sustainable development of territories of all levels and, above all, their primary basis - municipal formations, acquire special significance. The research is based on the hypothesis of the relationship between the quality of infrastructure provision of municipalities, including their budgetary and managerial potential, and the sustainable social and economic development of the territory. Accordingly, the authors consider models of interaction between all subjects of economic and social ties of territorial formation, their innovative component and the nature of inclusion in the ensuring of sustainable development of municipalities. The recommendations on the formation of the financial security infrastructure with a view to ensure sustainable development of municipalities are also presented.