scholarly journals FORMATION OF AN EFFECTIVE SYSTEM OF FISCAL FEDERALISM IS A STRATEGIC FACTOR IN THE DEVELOPMENT OF THE RUSSIAN ECONOMY

2020 ◽  
Vol 30 (5) ◽  
pp. 639-646
Author(s):  
V.G. Kostenkova
Keyword(s):  
Economic Development ◽  
Fiscal Federalism ◽  
Financial Resources ◽  
Practical Implementation ◽  
Advantages And Disadvantages ◽  
Strategic Factor ◽  
Effective System ◽  
The Usa ◽  
Effective Development ◽  
Federal Center

The problems of formation of an effective system of fiscal federalism in modern Russia are considered. For a number of objective and subjective reasons, inter-budgetary relations between the federal center and the regions are based on an obvious priority in favor of the interests of the federal center. This has an extremely negative effect on the socio-economic development of the country's regions. The article presents an overview of scientific studies devoted to determining the need to use fiscal federalism as a strategic factor ensuring the effective development of the country's regions. The system of fiscal federalism in the USA and Germany, its advantages and disadvantages is analyzed. The author notes that the experience of these countries confirms the need to use fiscal federalism in countries with a large territory and significant differences in the level of economic development between regions. Ensuring the competitiveness of the region and its transition to an innovative development model can become a reality only if the regions, firstly, have the necessary financial resources for this; secondly, if they are independent in making decisions on determining the direction of using these resources. When the system is conserved, when the region is strategically dependent on the opinion of the federal center, it is a dead-end option. The economic situation in the Udmurt Republic is analyzed, which is a typical example of an industrial region in the Urals. In the current century, three programs for the development of the regional economy have been adopted. However, the practical implementation of the programs ran into great difficulties, since Russian regions are unable to ensure the solution of current problems and development for the future due to the lack of the necessary financial resources. In these conditions, the formation of a modern effective system of fiscal federalism should be considered as a problem requiring a mandatory prompt solution. The socio-political situation in the country and the prospects for its development are determined by the state of affairs in the regions. Therefore, the development of fiscal federalism acts as a strategic condition for the development of the national economy as a whole.

Tax capacity in the system of fiscal federalism and promotion of regional development

2020 ◽  
Vol 23 (3) ◽  
pp. 342-360
Author(s):  
Yu.S. Ermakova
Keyword(s):  
Economic Development ◽  
Fiscal Federalism ◽  
Potential Development ◽  
Social And Economic Development ◽  
Effective System ◽  
Macroeconomic Indicators ◽  
Motivational Model ◽  
Budgetary Allocation ◽  
Tax Capacity

Subject. The article discusses the role of tax capacity in the management of inter-budget relationships. Objectives. The article aims to build and develop a qualitatively new motivational model to encourage Russian constituents to increase their tax potential by ranking them in socio-economic development groups. Methods. For the study, I used the methods of comparative, vertical and horizontal analysis, and statistical groupings. Results. The article clarifies that the mechanism for providing financial or other support to regions with the best tax potential is not working well because the economically developed territories have a higher rate of tax capacity and will always be ahead of the less developed ones. However, that could not be a significant growth rate in the main macroeconomic indicators, since a certain level of development has already been achieved. Conclusions. The article reckons that it is necessary to rate the regions by group of social and economic development and identify leaders with the best tax potential value in each group. This can help to develop an effective system of budgetary allocation and stimulating the regions' tax potential development.

Crowdfunding As the Innovative Method of Financing Business Projects

2020 ◽  
Vol 8 (1) ◽  
pp. 44-50
Author(s):  
Anna Sergeeva ◽  
L. Voskresenskaya
Keyword(s):  
Comparative Analysis ◽  
Government Regulation ◽  
Legal Regulation ◽  
Regulatory Framework ◽  
Advantages And Disadvantages ◽  
Innovative Method ◽  
The Usa ◽  
Effective Attraction ◽  
Effective Development ◽  
The Uk

The article discusses one of the newest ways to finance business projects — crowdfunding. The opinions of scientists on the essence of this concept are generalized. Particular attention is paid to various types of crowdfunding. The objectives of crowdfunding participants are considered. The advantages and disadvantages of crowdfunding, as a method of financing projects, are highlighted, the main difficulties of the development of the crowdfunding market in Russia are identified. In particular, the necessity of improving the regulatory framework and legal regulation of crowdfunding is shown. The features of government regulation of the crowdfunding market in the USA and the UK are investigated. The rules for the effective development and functioning of crowdfunding domestic and foreign systems, as well as the rules of behavior of project initiators for the effective attraction of investments are generalized. A comparative analysis of the main Russian and foreign crowdfunding platforms is done. Statistics on the activities of the largest crowdfunding venues are presented. Conclusions are drawn about the prospects and trends of crowdfunding in Russia.

scholarly journals TRENDS IN THE DEVELOPMENT OF ACCUMULATIVE PENSION PROVISIONS: INTERNATIONAL AND DOMESTIC DIMENSION

2020 ◽  
pp. 114-120
Author(s):  
Valentina Viktorivna Vyhovska ◽  
Keyword(s):  
Economic Development ◽  
Pension Fund ◽  
Pension System ◽  
Comprehensive Analysis ◽  
Practical Implementation ◽  
Positive Experience ◽  
Financial Flows ◽  
Pension Systems ◽  
Advantages And Disadvantages ◽  
Urgent Task

Abstract.Identifying problems and rethinking approaches to the development of an effective pension system in Ukraine is an urgent task that requires a comprehensive analysis of the features of its functioning in Ukraine and the world.The functioning of the domestic pension system is accompanied by many problems, including imbalance in financial flows and a deficit of the Pension Fund of Ukraine, underdevelopment and lack of confidence in the accumulative pension provision on the part of the population. It is important to search for directions of modernization of the domestic pension system and its adaptation to modern conditions of economic development of the state.The formation and development of the domestic pension system are highlighted in the scientific works of such scientists as N. Balaniuk, N. Bakhmach, O. Bobyr, V. Voskoboinikov, O. Kyrylenko, H. Kozak, A. Svyrydovska, V. Prokopenko, N. Tkachenko and others.Research requires the peculiarities of the functioning of the domestic funded component of the pension system and positive experience in the development of such systems in foreign countries.It is necessary to cover the mechanisms of pension provision in Ukraine, to characterize the international experience of such provision in order to determine strategic guidelines for the further improvement of the domestic pension system.In this article, the author describes two main approaches to the formation of the structural structure of pension systems, which have become widespread in world practice, in particular: pay-as-you-go and funded. Their advantages and disadvantages are determined. A comprehensive assessment of the problems of modernization of the domestic pension system is provided. Proposals to activate accumulative pension provision in Ukraine are given.The need for the development and practical implementation of a set of measures aimed at enhancing the development of the funded component of the pension system is pointed out

Spatial Development of Innovation Systems in Russia

2014 ◽  
Vol 9 (4) ◽  
pp. 289-304 ◽  
Author(s):  
Lidija Sergevna Arkhipova
Keyword(s):  
Economic Development ◽  
Russian Federation ◽  
Chemical Industry ◽  
Innovation System ◽  
Machine Building ◽  
Competitive Advantages ◽  
Regional Aspect ◽  
Level Of Economic Development ◽  
The Russian Federation ◽  
Effective Development

While the development of the country's national innovation system as a whole is very important and should be prioritized, its regional aspect is even more important. The specifics of the Russian Federation's transition to an innovation-based economy is in that that, at the present time, prioritized is the need to ensure the effective development of those economy sectors that underlie the country's specialization and may provide regional and national competitive advantages. To such sectors belong the chemical industry, machine-building and power energetics. We would like to note that initial innovation awareness indicators in the regions are comparable and do not differ greatly but the growth of activity can be observed only in some of the regions. The problem of large differentiation among the constituent entities of the Russian Federation by their level of economic development remains important and has to be dealt with. 

Peculiarities of improving interbudgetary relations in conditions of authorities’ decentralization

2020 ◽  
pp. 46-54
Author(s):  
Zenoviy Siryk
Keyword(s):  
Economic Development ◽  
Social Development ◽  
Social Services ◽  
The State ◽  
Major Objective ◽  
Formal Approach ◽  
Advantages And Disadvantages ◽  
Local Areas ◽  
And Control ◽  
Different Levels

Ukraine is a unitary state, yet historically various regions, oblasts, districts, and local areas have different levels of economic development. To secure sustainable economic and social development and provide social services guaranteed by the state for each citizen according to the Constitution, the mechanism of redistribution between revenues and expenditures of oblasts, regions, and territories through the budgets of a higher level is used. The paper aims to research the peculiarities of improving interbudgetary relations in conditions of authorities’ decentralization. The paper defines the nature of interbudgetary relations. The basic and reverse subsidies to Ukraine and Lvivska oblast are analyzed. The advantages and disadvantages the communities face at changing approaches to balancing local budgets are determined. Regulative documents that cover the interbudgetary relations in Ukraine are analyzed. Special attention is paid to the problem of local finances reforming, including the development of interbudgetary relations. The scheme of the economic interbudgetary relations system in Ukraine is developed. The ways to improve the system of interbudgetary relations in Ukraine are suggested. The negative and positive aspects, advantages, and disadvantages of the system of interbudgetary relations in Ukraine require the following improvements. 1. It is necessary to avoid the complete budget alignment in the process of budgets balancing by interbudgetary transfers as the major objective. 2. The interbudgetary transfers should be distributed based on a formal approach. 3. The changes have to be introduced to the calculation of medical and educational subsidies in terms of financial standard of budget provision to avoid the money deficit for coverage of necessary expenditures. 4. There is a need to improve interbudgetary relations at the levels of districts, villages, towns, and cities of district subordination. 5. Improvement of the mechanism of targeted benefits provision, their real evaluation, and control for the use of funds.

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.

FORMS OF PUBLIC-PRIVATE PARTNERSHIP IN THE SYSTEM OF GUARANTEE OF NATURAL TECHNOLOGICAL AND ENVIRONMENTAL SAFETY

2019 ◽  
pp. 34-40 ◽  
Author(s):  
Anatolii Stepanenko ◽  
Alla Omelchenko
Keyword(s):  
Economic Development ◽  
Environmental Safety ◽  
Public Private Partnership ◽  
Financial Resources ◽  
Private Partnership ◽  
Investment Projects ◽  
Ecological Infrastructure

The essence and significance of public-private partnership (PPP) are disclosed, its forms and role as the key tool for solving important problems of balanced economic development are highlighted due to the involvement in the implementation of strategies of private operators. Defined forms of cooperation aimed at organizing interaction under the «business-government-community» scheme, the classification of PPP types is described, its forms and significance are analyzed in the system of providing of natural and technological and environmental safety on the basis of preventive safety. The promotion of the partnership mechanism in preserving and developing the ecological infrastructure is disclosed. The use of PPP as a mechanism for attracting investment projects to financial resources, redistributing risks and strengthening the responsibility of PPP parties for the implementation of investment projects is shown.

Effectiveness of Tax Policy of Ukraine: Evidence and Economy Implications

2020 ◽  
pp. 124-131
Author(s):  
Olena P. Slavkova ◽  
Oksana I Zhilinska ◽  
Maksym Palienko
Keyword(s):  
Economic Development ◽  
Tax Evasion ◽  
Tax Policy ◽  
The State ◽  
State Budget ◽  
Advantages And Disadvantages ◽  
State Tax ◽  
State And Local ◽  
Tax Payments

The article deals with the peculiarities of the formation and implementation of tax policy in the country. The analysis of change of tax receipts to the state and local budgets is carried out. The role of tax payments in the economic development of the country is determined. The efficiency of the state tax policy in Ukraine is analyzed, its advantages and disadvantages are determined. The important role of tax payments in stimulating economic and social development is substantiated. The analysis of the elasticity of change of indicators of economic development of the country from the change of volume of tax receipts to the budget is carried out. The necessity of improving the existing policy of establishing, accrual, payment, and distribution of tax revenues as one of the most promising areas to stimulate economic growth is concluded. Keywords: tax policy, revenues, tax evasion, state budget, elasticity, economic development

Symposium on the State and Economic Development

1990 ◽  
Vol 4 (3) ◽  
pp. 3-7 ◽  
Author(s):  
Pranab Bardhan
Keyword(s):  
Economic Development ◽  
Latin American ◽  
State Intervention ◽  
The State ◽  
Market Mechanism ◽  
State Action ◽  
South Korean ◽  
American Experience ◽  
Advantages And Disadvantages ◽  
Role Of The State

The role of the state in economic development is one of the oldest topics in economics, yet controversies rage with similar passion and camps are divided on lines today broadly similar to the early writings. Though the authors of the papers in this symposium present different views, they all refuse to pose the question as a simple choice between the market mechanism and state intervention. Larry Westphal and Albert Fishlow evaluate the South Korean and the Latin American experience, respectively, in their essential complexity. Mrinal Datta-Chaudhuri draws upon a comparative study of the Indian and East Asian cases to bring out the contradictions and complementaries in the relationship between the state and the economy. Anne Krueger's paper reflects on how the comparative advantages and disadvantages of state action flow from its organizational and incentive characteristics.

Udziały jednostek samorządu terytorialnego w podatkach państwowych

Studia BAS ◽  
2021 ◽  
Vol 1 (65) ◽  
pp. 147-169
Author(s):  
Katarzyna Wójtowicz
Keyword(s):  
Fiscal Federalism ◽  
Final Section ◽  
National Income ◽  
Income Taxes ◽  
Local Revenue ◽  
Advantages And Disadvantages ◽  
Different Types ◽  
Fiscal Efficiency ◽  
Tax Sharing ◽  
Basic Features

The aim of this paper is to explore the rationale for the reform of the shares of local government units (LGUs) in national income taxes in Poland as well as to evaluate the selected proposals for changes in this area. The paper begins by outlining the definition and the basic features of tax sharing in the context of fiscal federalism. The next section provides an overview of the tax shares operating in some OECD countries. The main part of the article focuses on the key principles of the tax sharing system in Poland. The author briefly examines the fiscal efficiency of this source of local revenue in different types of Polish LGUs and the most significant dysfunctions of Polish local tax shares. The final section investigates the most important proposals for the reform of tax sharing and discusses their advantages and disadvantages.

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