Regional budget heavy-subsidization determinants: Evidence from Russia

2021 ◽  
Vol 27 (10) ◽  
pp. 2219-2241
Author(s):  
Magomed R. TASHTAMIROV
Keyword(s):  
Stochastic Analysis ◽  
Standard Of Living ◽  
Investment Activity ◽  
Development Status ◽  
Economic Problems ◽  
Regional Budget ◽  
Depressed Regions ◽  
Regional Budgets ◽  
Regions Of Russia

Subject. This article deals with the issues of identifying determinants that contribute to Russian depressed regions' overexposure to State aid. Objectives. The article aims to identify the basic determinants of increasing the level of high subsidy dependence of depressed regions of Russia. Methods. For the study, I used the methods of econometric stochastic analysis, time series, coefficients, and logical generalization. Results. The article reveals the key role of socio-economic component determinants, such as the standard of living, unemployment, fertility, in the formation and strengthening of subsidy dependence of depressed regions of Russia. Conclusions. The current development status of heavily subsidized regional budgets of Russia depends on the dynamics of transfer support directly. The standard of living of the population of the regions, tension in the labor market, and investment activity have a major impact on it. The solution of socio-economic problems can contribute to a gradual and systematic exit from the state of heavy subsidy dependence of the Russian depressed regions.

scholarly journals UPAYA MENEKAN ANGKA KEMISKINAN SERTA PEMERATAAN PENDAPATAN NASIONAL MELALUI PEMBANGUNAN EKONOMI BERBASIS ZAKAT

2017 ◽  
Vol 24 (1) ◽  
pp. 120
Author(s):  
Dwi Ratna Indri Hapsari
Keyword(s):  
Islamic Law ◽  
Standard Of Living ◽  
Role Of Government ◽  
Muslim Population ◽  
The Rule Of Law ◽  
Economic Problems ◽  
Role Of The State ◽  
State And Society ◽  
Distribution Of Income

Poverty is a state of people who are not able to meet their needs. As a result, people cannot live a decent so that their standard of living decline. Differences of community groups with specific earnings income gaps cause problems. Therefore, the necessary role of government in equalizes the distribution of income distribution. Starting from the economic problems then came the idea of sharia, namely optimization zakat is obligatory for Muslims to remember Indonesia is the country with the largest Muslim population in the world. Indonesia is not a religious country, but a country with a predominantly Muslim, the middle ground is needed, namely the role of the state and society in the two positions together. When zakat management is conducted in accordance with Islamic law, the mandate, expediency principle, justice and the rule of law as well as integrated it can undoubtedly reduce poverty and income inequality in Indonesian.

scholarly journals IMPROVING INTER-BUDGETARY RELATIONS IN ORDER TO FORM AN EFFECTIVE REGIONAL BUDGET

2021 ◽  
Vol 10 (34) ◽  
Author(s):  
A.S OSTRONOSOVA ◽  
Keyword(s):  
Functional Role ◽  
Financial Resources ◽  
Economic Independence ◽  
Financial Independence ◽  
Regional Budget ◽  
The Subject ◽  
The Stability ◽  
Regional Budgets

Improving the efficiency of inter-budgetary relations is also a problem facing the budget of regions and municipalities. Work is underway in this area, but with this in mind, the problem of strengthening financial independence remains urgent. For this purpose, it is expected to increase the stability of budget legislation, which will allow you to put on a solid basis the planning of your own budget revenues and increase the functional role of funds formed within the framework of inter-budget relations. Improving the efficiency of inter-budgetary relations is also a problem facing the budget of regions and municipalities. Work is underway in this area, but with this in mind, the problem of strengthening financial independence remains urgent. For this purpose, it is expected to increase the stability of budget legislation, which will allow you to put on a solid basis the planning of your own budget revenues and increase the functional role of funds formed within the framework of inter-budget relations. The problem of the deficit of financing remains an acute problem of the regional budget, as a result of which the volume of needs is not covered by real financial resources for the budget. This is based on a methodologically erroneous approach to the formation of budget expenditures. In this regard, the relevance of the chosen topic is due to the fact that at present the most urgent issue is the lack of financial and economic independence of regions and the imbalance of local budgets. The purpose of the research is to suggest ways to improve the organization of inter-budgetary relations. The subject of the research is the peculiarities of the organization of inter-budgetary relations of regional budgets.

Recolonization of states of Africa as a strategy for overcoming of economic problems of China

2021 ◽  
pp. 104-108
Author(s):  
A.A. Obukhov ◽  
◽  
A.V. Verkhoturov
Keyword(s):  
Low Cost ◽  
Development Trend ◽  
Standard Of Living ◽  
Modern World ◽  
Third Wave ◽  
Significant Development ◽  
Economic Problems ◽  
The Third ◽  
The World

Examined is significant development trend of the modern world geopolitical system of its substantial transformation, caused to a large extent by strengthening of China and Russia. The authors believe that based on the principles of political neorealism, we can talk about the “third wave” of colonization of Africa that is being formed at present, and based on fundamentally different approaches compared to previous world experience. The basis of this strategy, applied by the PRC, is the desire to maintain the role of the “world manufactory” due to the low cost of labor, while increasing the standard of living of its people by implementing various social and infrastructure projects.

Tax loss carryforwards: Fiscal implications for regional budgets

2020 ◽  
Vol 23 (3) ◽  
pp. 314-328
Author(s):  
A.A. Anisimova
Keyword(s):  
Fiscal Policy ◽  
Investment Activity ◽  
Econometric Methods ◽  
First Case ◽  
Regional Budget ◽  
Calculation Results ◽  
Tax Loss ◽  
Regional Budgets ◽  
The Impact ◽  
Fiscal Implications

Importance. This article deals with the implications for regional budgets arising from the introduction of tax incentives in terms of damaging the regional budget and attracting investments in the region's economy. Objectives. The article aims to analyze the consequences of applying a benefit of tax loss carryforward for tax revenues of regional budgets. Methods For the study, I used econometric methods and statistics data of 2016. Results. The article presents the results of analysis of fiscal costs for the regions due to tax loss carryforward and shows the calculation results of the impact of the benefit on investment and regional budgets for two scenarios of fiscal policy. Conclusions. The analysis of the two fiscal policy scenarios for regional budgets shows that introducing a restriction on the benefit in the first case would result in economy of the budget, and in the second case, it would result in the losses from the decrease of investment activity.

scholarly journals RURAL GREEN TOURISM AS A TYPE OF SOCIO-ECONOMIC DEVELOPMENT OF THE UKRAINIAN VILLAGE IN THE CONVENTION OF THE COVID-19 PANDEMIC

2020 ◽  
pp. 92-99
Author(s):  
Максим Скочко
Keyword(s):  
Economic Development ◽  
Rural Population ◽  
High Standard ◽  
Rural Tourism ◽  
Standard Of Living ◽  
Successful Implementation ◽  
Economic Problems ◽  
Green Tourism ◽  
The Village

The article analyzes the tourist resources of the region by organizational forms of tourism. The role of rural green tourism as an important branch of the national and world economy is considered. The main trends in the development of this type of tourism are studied, its role in the economy of different countries is determined. The role of rural green tourism in solving socio-economic problems of the village is highlighted. The role and place of rural green tourism in the development of rural regions of Ukraine, the relevance and issues of rural tourism in a pavid-19 pandemic are considered. It is highlighted that the development of the Ukrainian countryside is the main goal of the decentralization reform, which is aimed at developing a high standard of living of the rural population and capable economic competition in a crisis and an exacerbation of the pandemic. Social and economic development of tourism, including "green", increasing its popularity is relevant because it will increase the state budget and employment, maintain a high standard of living, improve education, introduce new means of dissemination of information, create conditions for improving the balance of payments countries, development of territories and other sectors of the economy of Ukraine. Rural tourism can become an independent system capable of solving the main socio-economic problems of the village. In general, the developed segment of rural tourism will have a positive impact on the competitiveness of rural areas and will contribute to employment of the rural population. Subject to the successful implementation of green tourism development projects, the following results can be expected: creation of new jobs; intensification of entrepreneurial activity of all economic forms and motivation of growth of budget revenues; development of related services infrastructure, etc.

REGIONAL AND LOCAL TAXES AS SOURCES OF REGIONAL BUDGET FORMATION

2021 ◽  
Author(s):  
Джамиля Джамаловна Селимова
Keyword(s):  
Tax System ◽  
Local Taxes ◽  
Regional Budget ◽  
Legal Space ◽  
National Tax ◽  
Regional Budgets

Формирование региональных бюджетов за счет региональных налогов является ключевой функцией регионального налогообложения, а доля доходов от местных бюджетов несущественна. Сделан вывод о необходимости решения проблемы увеличения роли местных налогов в общей бюджетной корзине муниципальных единиц с непременным сохранением единого правового пространства в общегосударственной налоговой системе. The formation of regional budgets at the expense of regional taxes is a key function of regional taxation, and the share of revenues from local budgets is insignificant. It is concluded that it is necessary to solve the problem of increasing the role of local taxes in the general budget basket of municipal units with the indispensable preservation of a single legal space in the national tax system.

The investment activity of Russian business: Relationships with corporate income tax burden

2020 ◽  
Vol 23 (7) ◽  
pp. 800-823
Author(s):  
A.A. Razuvaeva ◽  
N.V. Pokrovskaya
Keyword(s):  
Income Tax ◽  
Systems Approach ◽  
Corporate Income Tax ◽  
Federal State ◽  
Tax Burden ◽  
Return On Assets ◽  
Investment Activity ◽  
Analysis And Synthesis ◽  
Tax Benefits

Subject. This article assesses the role of tax incentives for the Russian business' investment behavior. Objectives. The article aims to identify the relationship between the corporate income tax burden as an indicator responding to tax benefits application and the investment activities of Russian companies. Methods. For the study, we used the methods of analysis and synthesis, and the systems approach. The analysis covers the period from 2012 to 2018. The data of the Russian Federal State Statistics Service, Federal Tax Service of Russia, and the Ministry of Finance of the Russian Federation are the source of information for analysis. Results. The article summarizes the characteristics of the investment activity of the Russian business. However, the article does not reveal any obvious relationship between the income tax burden and the investment activity of the Russian business in the 2010s. There is also no link found between fixed investment and return on assets. Conclusions. The increase in income tax burden in the late 2010s, accompanied by a decrease in profitability, poses a threat to the active investment development of Russian organizations.

Tax incentives of China’s investments in Zabaykalsky Krai: implementation of behavioral economic models

2020 ◽  
pp. 69-84
Author(s):  
Evgeniya Mikhailovna Popova ◽  
Irina Vitalevna Mezentseva
Keyword(s):  
Behavioral Economics ◽  
Tax Incentives ◽  
Human Mind ◽  
Investment Climate ◽  
Investment Activity ◽  
Investment Projects ◽  
Tax Incentive ◽  
Regional Budget ◽  
Subjective Aspect ◽  
Investment Process

Currently, the Russian regions apply a vast array of tools for regulating the investment process, including tax incentives. Active use of tax preferences is dictated by the fact that in the conditions of regional budget deficit, tax incentives, unlike subsidies, do not require direct budget expenditures for stimulating investment activity. However, the world experience demonstrates that tax incentives do not fall under the group of factors that strongly affect investment decisions. For determining the degree of preference of tax incentives in relation to other measures of regional support, a survey was carried among Chinese investors, who implement investment projects on the territory of Zabaykalsky Krai. The survey was based on a method of hierarchical analysis based on the special matrices by filed in by the investors. The acquired results displayed that out of ten measures of state support, tax incentives hold the eighth place. The calculated coefficient of the significance of tax incentives testifies to the low attractiveness of fiscal stimuli for the Chinese investors. The authora attempted to find the reasons for tax incentive not being in demand. The scientific novelty of this work consists in conducting the analysis of regional legislation that regulates the order of granting investment tax incentives based on the concept of behavioral economics. In the course of application of the provisions of behavioral economics, emphasis was made on the subjective aspect of the mechanism of preferential taxation. The reasonableness of considering such peculiarities of human mind as cognitive inertia and relativity is substantiated with regards to arranging the structure of tax incentives that would allow increasing the importance of tax incentives in formation of investment climate on the territory of Zabaykalsky Krai. The authors make recommendations on increasing the attractiveness of tax incentives among Chinese investors based on the concept of reference point and the effect of loss aversion.

PROBLEMS OF THE FORMATION OF REVENUES OF REGIONAL BUDGETS IN THE RUSSIAN FEDERATION

2020 ◽  
Vol 2 (8) ◽  
pp. 83-87
Author(s):  
B. Kh. ALIYEV ◽  
Keyword(s):  
Russian Federation ◽  
Present Stage ◽  
Budget Planning ◽  
Budgetary Policy ◽  
Stage Of Development ◽  
The Russian Federation ◽  
The Republic ◽  
Regional Authorities ◽  
Regional Budgets

In the Russian Federation, the problem of budget planning becomes especially relevant when the pace of economic development slows down. The article examines the features of the formation of regional budgets, using the example of the budget of the Republic of Dagestan. The analysis of incomes to the budget is carried out. The role of regional taxes in the formation of budget revenues of the Republic of Dagestan is revealed. According to the results of the study, it can be concluded that the budgetary policy of the regions at the present stage of development of the Russian economies does not contribute to a further increase in the rates of economic growth. The article offers recommendations for improving the regional budgetary policy of the Russian Federation and increasing the responsibility of regional authorities.

GREEN BONDS AS A NEW FINANCIAL INSTRUMENT

2020 ◽  
Vol 3 (7) ◽  
pp. 98-102
Author(s):  
M. V. DUBROVA ◽  
◽  
N. N. ZHILINA ◽  
Keyword(s):  
Raw Materials ◽  
Financial Burden ◽  
Environmental Problems ◽  
Green Economy ◽  
Non Profit ◽  
The Public ◽  
Economic Problems ◽  
Green Finance ◽  
Non Profit Organizations

The relevance of the article is determined by the fact that in Russia there is no effective mechanism of state support for the activities of non-profit organizations in the field of “green Finance”. The role of non-profit organizations is leveled, which can become a serious help in solving economic problems, in particular, the problems of recycling and processing of secondary raw materials, the placement of industrial waste and household garbage, and landscaping of large megacities. The main financial burden in the field of “green economy” falls on States and large enterprises. Meanwhile, we cannot ignore the important role of non-profit organizations that can not only draw attention to environmental problems to the public, but also offer their own measures to solve environmental problems. In this regard, it becomes relevant to consider the participation of non-profit organizations in the implementation of environmental projects by attracting “green Finance”.

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