6. Conclusion

Transit to the innovative economic relation in Azerbaijan stimulated the deve- lopment of the local self-development and turned it into the leading force of the socio-economic improvement.

Every kind of works done on this direction in the case of form of the local ma- nagement system in Azerbaijan, at the same time scientific creative works positively effect the solution of problems faced by the local management bodies.

The legal-organizational of self-management base in Azerbaijan has been ana- lyzed, optimal legal-organizational and financial mechanism of municipal by im- plying the peculiarities of the national management system and economy have been defined in the article.

Systematic analysis of the municipal finance resources and sources for increasing its of it rationality have been defined.

The income and expenditure parts of the municipal by the aim of the definition of the local budget have been valuated and the direction of balance of the local budget have been defined.

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