The article analyzes the reasons for and consequences of the low level of financial self-sufficiency in the Northern regions, it describes the approaches to the improvement of budget and tax regulation mechanisms in order to increase budgetary self-sufficiency in the territories and enhance their selfdevelopment. In addition, the article substantiates the proposals for increasing the share of tax revenues in the regional and municipal budgets and improving the redistribution of budget funds
Keywords
financial independence, fiscal policy, self-development of the northern territories