scholarly journals Financial component of the economic security of the Arctic regions

2020 ◽  
Vol 84 ◽  
pp. 03007
Author(s):  
Mikhail Ulchenko ◽  
Nikita Ponomarev
Keyword(s):  
Russian Federation ◽  
Financial Regulation ◽  
Federal Budget ◽  
Economic Security ◽  
The Arctic ◽  
Financial Resources ◽  
Financial Flows ◽  
Macroeconomic Conditions ◽  
Arctic Regions ◽  
The Russian Federation

The article is devoted to the study of issues of ensuring the economic security of the Arctic regions of the Russian Federation. It is proved that the most important element of the system of ensuring the economic security of the state and regions is the financial component. At the same time, the financial security of the economy depends not only on the amount of available financial resources, but also on the intensity of financial flows. The concept of “regional finance system” has been clarified. It is concluded that in the current unfavorable macroeconomic conditions, the cost of making management decisions aimed at creating the necessary amount of financial resources sufficient to ensure the economic security of regions and the implementation of national projects is significantly increased. It is revealed that the main instrument of financial regulation of the development of the Arctic regions is the so-called system of inter-budget transfers. At the same time, the current legislation does not distinguish the regions of the Arctic zone of the Russian Federation into a separate category, all regions can apply for subsidies from the federal budget on an equal basis.

THE IMPACT OF MODERN CONDITIONS ON THE DEVELOPMENT OF THE CLUSTER OF ARCTIC COASTAL REGIONS OF THE RUSSIAN FEDERATION

2021 ◽  
Vol 2 (11) ◽  
pp. 89-98
Author(s):  
Dmitry L. Kondratovich ◽  
Keyword(s):  
Russian Federation ◽  
Economic Security ◽  
The Arctic ◽  
Security Strategy ◽  
Coastal Regions ◽  
Green Technologies ◽  
Balanced Development ◽  
Arctic Regions ◽  
The Russian Federation ◽  
The Impact

The article is devoted to the identification of modern factors influencing the development of the cluster of Arctic coastal regions and the development of proposals to reduce the risks of economic security, taking into account the specific features of the development of these territories. A lot of research works have been devoted to aspects of the economic security of the Arctic coastal regions, and there is also an interest on the part of the state to address issues of balanced development of the Arctic territories, which is expressed in a systematic approach implemented through a number of strategic documents, including the Economic Security Strategy of the Russian Federation for the period up to 2030. Despite this, the change in modern realities requires constant adjustments to existing documents and forecasts affecting the regional specifics of economic security and Arctic coastal regions, from the perspective of the influence of various factors, such as, for example, sanctions, the COVID-19 pandemic, instability of world commodity markets, the introduction of green technologies, changing priorities in the development of Arctic regions.

scholarly journals Will the Federal Budget for 2021–2023 Fiscal Years be Able to Ensure the Achievement of Strategic Goal and to Assure the Economic Security of the Russian Federation?

Federalism ◽  
2021 ◽  
pp. 115-131
Author(s):  
I. V. Karaeva ◽  
A. G. Kolomiets ◽  
S. V. Kazantsev
Keyword(s):  
Economic Development ◽  
Russian Federation ◽  
Federal Budget ◽  
Well Being ◽  
Economic Security ◽  
Macroeconomic Conditions ◽  
Increased Risk ◽  
The Russian Federation ◽  
Set Up

The principles of drawing up the Federal Budget for 2021–2023, adopted in December 2020, are based on macroeconomic conditions. The probability to fulfill these conditions can’t be rated as high. In addition, these conditions ignore a number of significant threats to  the  economic  security  of  the  Russian  Federation  caused  by;  the  continuation  of  the COVID-pandemic  in  2021  and  the  increased  risk  of  similar  threats;  the  reduction  of the  trade  balance;  the  continuation  of  the  general  reduced  in  the  level  of  the  Russian population’s well-being, and by the lack of resources for investments. It is also impossible not to draw attention to the fact that within the framework of the budget concept, they set up a task to ensure the growth rate of the national economy at the level of a stagnant three  percent.  Moreover,  in  the  context  of  the  ongoing  development  of  the  pandemic, the President of the Russian Federation postpones until 2030 the achievement of many important goals that they forecast to achieve by 2024. Therefore, the trend of a long-term policy of sluggish, and in principle decaying, economic development with the minimization of inflationary processes at the level of four percent is forming. At the same time, budgeted principles generate not only the direction and dynamics of socio-economic development of the Russian Federation, but the same pace and guidelines for the development of the subjects  of  the  Russian  Federation.  But!  Today,  new  trends  in  the  development  of  a rapidly transforming post-pandemic economy require the search for new internal drivers of development, including financial ones, require a transition to a model of breakthrough economic growth at both at the federal and regional levels. The country is entering an economy that has other priorities. So, we need other rules of fiscal policy.

SOME ASPECTS OF STATE FINANCIAL REGULATION AS A BASIS FOR ECONOMIC SECURITY OF THE ARCTIC REGIONS OF THE RUSSIAN FEDERATION

2020 ◽  
Vol 5 (12) ◽  
pp. 107-115
Author(s):  
D. L. KONDRATOVICH ◽  
Keyword(s):  
Russian Federation ◽  
Financial Regulation ◽  
Economic Security ◽  
The Arctic ◽  
Financial Policy ◽  
Russian Arctic ◽  
Arctic Zone ◽  
Foreign Companies ◽  
The Russian Federation ◽  
State Programs

The article examines some aspects of state financial regulation of regional development, which is the most important aspect of economic security and is largely associated with the legal features of the regulation of this activity, the implementation of state development programs for the regions of the Arctic zone of Russia (AZRF). The financial regulatory mechanisms are analyzed, which include the system of financial support, tax, budget, investment, insurance and other economic mechanisms. Analysis of the content of the levels and the corresponding mechanisms of state financial regulation made it possible to determine the directions of influence on the subjects of financial regulation. It was established that financial regulation is presented in the form of a set of mechanisms and instruments of influence, which is based on state priorities related to the implementation of an effective financial policy in the Russian Arctic, ensuring the economic security of the regions, and achieving national interests. It was found that direct budget financing is the main mechanism for supporting and stimulating the development of the Russian Arctic. This mechanism is implemented on the basis of state programs of the Russian Federation financed from the federal and regional budgets. It has been established that there is legal uncertainty regarding the issues of financial regulation of the AZRF development. Until now, there is no law "On the Arctic zone of the Russian Federation", which would have fixed the object of state policy in the Arctic, including state financial policy. In the conclusion of the article, it is concluded that there are restrictions on the implementation of programs for the socio-economic development of the regions of the Russian Arctic. Direct budget financing does not allow achieving the set goals, therefore, a set of measures is needed to find investors among large state corporations or private and foreign companies.

CURRENT ISSUES OF INTERBUDGETARY EQUALIZATION

2020 ◽  
Vol 1 (12) ◽  
pp. 74-78
Author(s):  
A. A. BISULTANOVA ◽  
Keyword(s):  
Economic Policy ◽  
Economic Development ◽  
Russian Federation ◽  
Current System ◽  
Federal Budget ◽  
Financial Resources ◽  
Socio Economic Development ◽  
Interregional Differentiation ◽  
The Russian Federation ◽  
The Stability

The author touched upon topical issues of inter-budget alignment, budget provision of regions with financial resources, focusing on factors that directly affect the stability of the budget system, as well as highlighting problems in the budget sphere that require urgent attention from the authorities. It is concluded that the level of interregional differentiation continues to increase, and the modern mechanism of budget equalization requires urgent amendments and adjustments. It is emphasized that the main goals of socio-economic development of the Russian Federation related to the transition to an innovative type of development, changes in the structure of the national economy, set out in strategic documents and messages of the President of the Russian Federation and declared since 2009, are not being implemented, and the effectiveness of state economic policy and Federal budget expenditures for its implementation remains low. This indicates the need to review the current system.

Improving inter-budgetary relations as a factor of regional economic security

2018 ◽  
Vol 35 (2) ◽  
pp. 102-108
Author(s):  
G. I. Nemirova ◽  
L. B. Mokhnatkina
Keyword(s):  
Russian Federation ◽  
System Approach ◽  
Global Economy ◽  
Federal Budget ◽  
Economic Security ◽  
Regional Economic ◽  
The Russian Federation ◽  
High Degree

The article analyzes threats to regional economic security caused by a high degree of centralization of revenues at the Federation level with decentralization of expenditure obligations. The influence of the global economy on the formation of the revenues of the federal budget and the budgets of the subjects of the Russian Federation is determined. On the basis of the system approach, proposals have been developed to establish targets for the formation of interbudgetary relations from the point of ensuring regional economic security. 

THE ECONOMIC INTERESTS OF THE ARCTIC STATES AND SOME FEATURES OF ENSURING THE ECONOMIC SECURITY OF THE RUSSIAN ARCTIC

2021 ◽  
Vol 5 (12) ◽  
pp. 70-81
Author(s):  
Dmitrii L. Kondratovich ◽  
Keyword(s):  
Russian Federation ◽  
Arctic Region ◽  
Economic Security ◽  
The Arctic ◽  
Economic Aspects ◽  
Economic Interests ◽  
Building Relationships ◽  
Current Trends ◽  
The Russian Federation ◽  
The Arctic Region

The article discusses aspects that determine the economic interests of the Arctic countries and affect the provision of economic growth and economic security of the Russian Federation. The author examines the current trends of economic activity in the Arctic, analyzes state strategies and other documents that determine the policy of states in the Arctic region. The purpose of this work was to study international economic aspects affecting the economic security of the Arctic territories of the Russian Federation. To achieve this goal, the following tasks were formulated: to study the Arctic strategies of the Arctic states; to structure the most important economic aspects affecting the economic security of the Russian Federation; to determine the basis for the development of cooperation and interaction between the Arctic states. The article concludes that despite the emerging problems and distrust between the Arctic states, there is an interest in building relationships based on respect for mutual interests and equal dialogue.

scholarly journals Development of the Arctic Regions within the Window of Weak Sustainability

2021 ◽  
Vol 937 (2) ◽  
pp. 022024
Author(s):  
P V Druzhinin ◽  
N N Filatov ◽  
G T Shkiperova
Keyword(s):  
Sustainable Development ◽  
Russian Federation ◽  
Social Indicators ◽  
The Arctic ◽  
Weak Sustainability ◽  
Arctic Regions ◽  
European North ◽  
The Russian Federation ◽  
The Republic ◽  
Northern Territories

Abstract The Russian policy towards the Arctic has changed in the last decade, the state and large firms are investing heavily in infrastructure, in the creation of new enterprises and the modernization of existing ones. But the northern nature is vulnerable, and the active development of extractive industries can lead to a crisis in the ecological situation. The development of the northern territories of the Russian Federation must meet the conditions of sustainable development, combine the growth of the economy, and the growth of incomes of the population, and the implementation of environmental restrictions. The purpose of this article is to develop methods for constructing windows of weak sustainability based on the construction of socio-ecological and economic models of the regions of the European North, and to study the possibilities of their sustainable development. The studies were carried out in four regions of the European North, which are fully or partially included in the Arctic zone of Russia - the republics of Karelia and Komi, Murmansk and Arkhangelsk regions. Models have been built linking economic, environmental and social indicators. The methodology for calculating windows of weak sustainability for the regional economy is presented. The possibility of its use on the data of the Republic of Karelia has been demonstrated. The results obtained can be used as an information and methodological basis for assessing and developing a policy for sustainable development of the Arctic regions of the Russian Federation.

MEASURES TO SUPPORT SMALL AND MEDIUM BUSINESSES IN THE ARCTIC AS A FACTOR IN ENSURING THE ECONOMIC SECURITY OF THE MACROREGION

2020 ◽  
pp. 198-213
Author(s):  
Lyubov A. Belyaevskaya-Plotnik ◽  
◽  
Larisa S. Artamonova ◽  
Polina A. Andreeva ◽  
◽  
...  
Keyword(s):  
Small Businesses ◽  
Economic Security ◽  
The Arctic ◽  
Arctic Zone ◽  
Arctic Regions ◽  
Doing Business ◽  
Support Measures ◽  
Problematic Issue ◽  
The Russian Federation ◽  
Medium Businesses

The article discusses the problems of supporting small and medium-sized businesses in the regulatory space of the Arctic zone of the Russian Federation. The most problematic issue is that at present, the Arctic regions of the country are deprived of special conditions for doing business. All existing support measures, enshrined in regulatory legal acts, are fairly standard, as well as for other regions of the country and do not ensure the economic security of the Arctic zone during a crisis. To justify the need to support small businesses in the analyzed macro-region, an analysis of individual indicators of its socio-economic development was carried out. The methods of analysis, synthesis, and the graphical-analytical method used in the study gave a clear picture of the fact that the Arctic is deprived of special conditions for doing business, all legislatively supported measures of support are standard, as for other regions of Russia and are not exclusive in relation to the subjects of the Arctic zone. Also, existing regulatory legal acts do not determine the features of environmental regulation in the Arctic, which affects the development and functioning of small and medium-sized businesses in these regions, and also does not provide the necessary level of their economic security.

Statistical Analysis of the Financial Solvency of the Russian Arctic Regions

2021 ◽  
Vol 28 (1) ◽  
pp. 28-37
Author(s):  
A. N. Chapargina ◽  
N. V. Dyadik
Keyword(s):  
Correlation Analysis ◽  
Russian Federation ◽  
Correlation Coefficients ◽  
The Arctic ◽  
Russian Arctic ◽  
Financial Indicators ◽  
Arctic Regions ◽  
The Face ◽  
The Russian Federation ◽  
Regional Budgets

The uneven distribution of natural resources on the territory of Russia and the limited financial capabilities of the regions of the Russian Federation to exercising their powers, according to the authors, predetermine the relevance of considering the problem of assessing financial solvency for each region. The Arctic zone of the Russian Federation as a management object is nowadays an issue of concern from researchers and requires special attention since most of the country’s resource potential is concentrated on its territory. The study aims at a statistical assessment of the financial viability of the regions of the Russian Arctic through a correlation analysis aimed at exploring the forms of linking indicators that allow us to identify common and specific features of their regional development.The article substantiates the system of statistical indicators that directly or indirectly characterize the financial solvency of the regions. The analysis of the financial solvency of the regions according to the official statistics for the period from 2005 to 2018 was carried out sequentially and in stages: 1st stage - selection of the data array; 2nd stage - formation of a case of financial indicators; 3rd stage - building a matrix for correlation analysis; 4th stage - correlation analysis; 5th stage - interpretation of the results.Using the method of correlation analysis, the authors constructed a matrix of correlation pairs, identifying the most relevant ones for assessing the financial solvency of the region. Comparative analysis of paired correlation coefficients for the Arctic regions made it possible to assess the relationship between certain directions and features of their development.Assessment of the financial independence of the constituent entities is the central problem of balancing regional budgets. In this regard, the results of the study may be of interest to regional and federal authorities for forecasting and strategic planning of the development of the Arctic regions in the face of limited financial resources.

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