1’2012 , , , 1.2. , - , , . , , ., . , - ., 75%, . 1. 1 » 1 , , , - . , - , . . - . , 100 24,6 14,4 2,4 0,8 0,004 0,9 , , , 0,02 - 2,2 , . 1,1 - - 1,0 , , . 0,001 0,6 0,16 75,4 0,01 , , , - - , - . , - , , , . 2). 2 . 47 - , 2 , ( . 1). , . , 2008 1 883 816 713 1 950 925 134 . -67 108 421 . . . , . - , 0,035623647 2009 2 269 684 2 351 224 -81 540 2010 2 125 902 2 204 659 -78 757 0,03592571 0,037046 . 2, , , - , – 36-37% . 2. , 1 : 2011 ., . 1. 0 2 [5]. [4]. - . , - 0 -10000 , -20000 - , 25%, - -30000 . -40000 , , . -50000 , -60000 - . -70000 -80000 -90000 2008, . 2009, . 2010, , . - . , . 2. , . 25%. , . - ; ; ; - ; , . ., , - , ; ; . - ; , , - - , , . – , . , - , - , , , , , , , , , , . 1, , 2%. - . , ( . 3). . 3. 1 1’2012 . 1. [ 1998 . 145- ]: . 31 [ 30 . 1994 . 51; 1996 . 14; 26 ; 18 . 2006 . .« 3. [ . ( ] : .). ». 6 .- ] : 26 . . 2001 . 146230- . ». . 2003 . 131- 4. [ ] : http://www.gks.ru : . – 5. [ ] : : http://www.roskazna.ru .– ; ; ; ; ; . . . . - , , . , - , , . . . . ., ., . - 1.2. LOCAL FINANCE IN MODERN SOCIAL AND ECONOMIC CONDITIONS I.S. Ryabova, Cand. Econ. Sci., Senior Lecturer of Chair «Finance and Credit» Tax academy of the Finance Ministry of the Russian Federation In the present article the local finance is considered, their current state is described, sources of their formation are defined, the role of interbudgetary transfers in formation of incomes of local budgets is revealed. 2 1. The budgetary code of the Russian Federation. 2. The tax code of the Russian Federation. 3. The federal law «About the general principles of the organization of local government in the Russian Federation» from 10/6/2003 131-FL (with changes and additions). 4. An official site of Federal Agency of the state statistics – www.gks.ru 5. An official site of Federal Exchequer – www.roskazna.ru Keywords .». 2. Literature Local finance; incomes of the local budget; gratuitous transfers; municipal union; tax incomes of the local budget; non-tax incomes of the local budget.