ASSESSMENT OF THE BUDGETARY POLICY IN THE FIELD OF EQUALIZING BUDGETARY PROVISION IN RUSSIA

2021 ◽  
Vol 2 (3) ◽  
pp. 75-82
Author(s):  
O. R. TEGETAEVA ◽  
◽  
L. V. BASIEVA ◽  
A. A. BALIKOEVA ◽  
◽  
...  
Keyword(s):  
Economic Growth ◽  
Russian Federation ◽  
Financial Resources ◽  
Budgetary Policy ◽  
Theoretical Approaches ◽  
The Russian Federation ◽  
Regional Budgets ◽  
The Impact

The article highlights theoretical approaches to defining the concepts of budgetary provision of the budgets of the constituent entities of the Russian Federation. In this regard, an analysis of changes in the levels of subsidization of regional budgets is carried out, taking into account changes in the methods of distributing subsidies to regions, an assessment is made of the impact of changes in the management of public financial resources on the economic growth of regions.

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.

MAIN PROBLEMS OF PUBLIC DEBT MANAGEMENT OF THE RUSSIAN FEDERATION

2021 ◽  
Vol 2 (5) ◽  
pp. 27-31
Author(s):  
I. V. SUGAROVA ◽  
◽  
N. V. TADTAEVA ◽  
Keyword(s):  
Economic Growth ◽  
Russian Federation ◽  
Public Debt ◽  
World Economy ◽  
Debt Management ◽  
Financial Resources ◽  
Modern World ◽  
The Russian Federation ◽  
Public Debt Management

In the modern world economy, most countries lack the financial resources to fully perform their duties and functions to their citizens. The consequence of the increase in borrowing by countries is the growth of public debt. Its management is becoming one of the most acute problems in the current conditions. The article presents the main aspects of this problem, and suggests measures to stimulate the country's economic growth.

scholarly journals Methodological Approaches to Assessing the Impact of Information Technologies on Economic Growth in the Regions of Russia

2020 ◽  
pp. 23-34
Author(s):  
Elena Petrova ◽  
Petr Bondarenko ◽  
Alla Shipileva
Keyword(s):  
Economic Growth ◽  
Correlation Analysis ◽  
Canonical Correlation Analysis ◽  
Russian Federation ◽  
Canonical Correlation ◽  
Methodological Approach ◽  
Assessment Tools ◽  
Broadband Internet ◽  
The Russian Federation ◽  
The Impact

In this work, the authors propose a methodological approach to study the impact of using NBICtechnologies on the economic growth of the regions of the Russian Federation. The authors show that among NBIC-technologies they are ICT that have the greatest impact on economic growth. The assessment tools are integrated empirical analysis methods. At the first stage, a cluster analysis was carried out using the k-means method according to the per-capita GRP, the level of population income and the level of ICT use, under which three groups of Russian regions were distinguished, characterized by low, medium and high dynamics of economic growth. At the second stage, a canonical correlation analysis was carried out and analytical expressions of the interconnections of economic growth indicators and a set of indicators characterizing the development and use of ICT in the regions of the Russian Federation were obtained. The study proves the relationship between ICT and economic growth in the regions of the Russian Federation. The greatest influence is exerted by indicators such as the number of mobile cell phones and broadband Internet subscribers. The canonical correlation analysis for the selected groups of regions did not give positive results, the results for the first cluster, which is characterized by low dynamics of economic growth, turned out to be statistically significant. Most likely, this is due to the fact that in this group using ICT gives the greatest effect. However, the substantiation of this hypothesis requires the expansion of the statistical base of the study, both in time and in terms of expanding the composition of indicators that reflect not only economic, but also social aspects of the processes under study.

scholarly journals The impact of the pandemic on the structure of income and expenditure of the consolidated budgets of the constituent entities of the Russian Federation of the Ural Federal District

2020 ◽  
Vol 12 (5) ◽  
Author(s):  
Ekaterina Zakharchuk ◽  
Aleksey Pasynkov ◽  
Polina Trifonova
Keyword(s):  
Russian Federation ◽  
Federal District ◽  
Scientific Methods ◽  
General Scientific ◽  
Coronavirus Infection ◽  
The Russian Federation ◽  
Restrictive Measures ◽  
Regional Budgets ◽  
Social Expenditures ◽  
The Impact

The article is devoted to the assessment of changes in the budgets of the constituent entities of the Russian Federation that are part of the Ural Federal District, which they have undergone in connection with the change in the macroeconomic situation in the country and regions. The article provides an overview of scientific research on the topic under consideration. On the basis of open official data, using general scientific methods, the influence of the introduced restrictive measures related to the fight against the spread of coronavirus infection on the regional budgets of the constituent entities of the Russian Federation of the Ural Federal District is shown. The analysis is carried out in the context of the structure of sources of formation of budget revenues, as well as in the areas of spending financial resources of the regions of the Ural Federal District, an assessment of the balance of the studied budgets is given. Comparative analysis was carried out for the first half of 2019 and 2020. The results obtained indicate that in the revenue part of the studied budgets of the constituent entities of the Russian Federation, tax revenues from profits and incomes have significantly decreased. All the regional budgets under consideration show an increase in gratuitous receipts. In the expenditure part of the budgets, the increase is mainly noted in the sections "Healthcare" and "Social policy". Thus, measures of state support in the first half of 2020 made it possible to maintain a budget surplus in four of the six subjects of the Russian Federation of the Ural Federal District. However, the current situation with the spread of coronavirus infection does not allow making optimistic forecasts for the further filling of the revenues of regional budgets. The situation is similar with the expenditure side – they will increase due to the growth of social expenditures, which will affect the balance of regional budgets.

scholarly journals SMALL BUSINESS: ESSENCE AND FUNCTIONS

2020 ◽  
Vol 8 (12) ◽  
pp. 330-336
Author(s):  
A. A. Davydova ◽  
A. A. Koneva
Keyword(s):  
Economic Growth ◽  
Small Business ◽  
Russian Federation ◽  
Economic Activity ◽  
Small Businesses ◽  
Industrial Enterprises ◽  
Theoretical Approaches ◽  
Foreign Countries ◽  
The Russian Federation ◽  
Favorable Conditions

The article discusses the key differences between the concepts of "business" and "entrepreneurship". Theoretical approaches to understanding the "small business" category are analyzed and systematized. The criteria for classifying a business entity as an MP in the Russian Federation and foreign countries are studied. The forms of MP subjects are defined in accordance with the legislation of the Russian Federation. The main types of MP subjects in the aspect of industries and spheres of economic activity are highlighted. The functions of small business are analyzed and systematized. As a result of the research, it is proved that the functions implemented by small businesses create favorable conditions for stimulating economic growth. The specifics of small industrial enterprises and their impact on the economy are established.

scholarly journals Measuring the Impact of Fiscal Decentralization on Economic Growth and Income Inequality using the Heuristic Network

2019 ◽  
Vol 8 (5C) ◽  
pp. 1016-1024
Keyword(s):  
Economic Growth ◽  
Income Inequality ◽  
Fiscal Decentralization ◽  
Regional Economic Growth ◽  
Financial Resources ◽  
Regional Economic ◽  
East Kalimantan ◽  
Regional Budgets ◽  
The Impact

To achieve regional economic growth, the role of regional budgets is very important. In this regard, the utilization of regional economic and financial resources is an important factor in supporting the implementation of the fiscal decentralization system in the area. The implementation of fiscal decentralization in Indonesia is marked by the process of transferring financial resources to regions in significant amounts. In the last five years (2011-2015), the proportion of balancing funds to total regional income nationally reached an average of 73%. Despite the huge spike in decentralization policies, the implementation of fiscal decentralization in East Kalimantan Province, one of Indonesia's provinces, till now has not been able to bring about improving the welfare of local communities. In reality, there is still income inequality, although still relatively low in East Kalimantan Province. This study performs to measure the impact of fiscal decentralization on economic growth and income inequality in East Kalimantan – Indonesia. The hypothesis in this study is that fiscal decentralization negatively affects income inequality directly or indirectly through economic growth in East Kalimantan – Indonesia. The aim of this study is how to use the heuristic network to prove this hypothesis.

Influence of Monetary Policy on Technological Development of the Economy in a Long-Term Aspect

2020 ◽  
Vol 144 ◽  
pp. 136-143
Author(s):  
Elena A. Matchenko ◽  
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Foreign Exchange ◽  
Russian Federation ◽  
Oil Prices ◽  
Financial Resources ◽  
Financial Flows ◽  
Russian Economy ◽  
Wide Range ◽  
The Russian Federation

Monetary policy currently pursued by the Central Bank of the Russian Federation is a reflection of external market conditions. Regulatory approaches should, in particular, help reduce the dependence of monetary policy on external factors — such as oil prices, foreign loans, access to foreign markets, etc. This is not about completely isolating the monetary sphere of the Russian Federation from parameters and the external environment. It is required to refuse close, automatic communication with the given parameters. It is necessary to increase the stability of the monetary system of the Russian Federation and the economy as a whole in relation to external shocks. This can be done through more active use of a wide range of tools available to the regulator. These include monetary and regulatory mechanisms (interest rates, reserve requirements, foreign exchange positions, etc.), gold reserves, verbal interventions, etc., which can have a stimulating effect on economic growth. The high volatility of the ruble now observed makes it extremely difficult for enterprises to plan and forecast, thereby making it impossible for the normal course of investment processes and expanded reproduction. In order to use monetary mechanisms to stimulate economic growth and eliminate the negative effects of current monetary policy (in particular, implemented since autumn 2014), a departure from inflation targeting and free floating of the ruble exchange rate is necessary. At the same time, it is obviously necessary to abandon many components or closely related elements (for example, “monetary contraction”). In addition, steps will be needed to stabilize the foreign exchange market, which would have positive effects (falling volatility, lower inflation, etc.). Under current conditions, with limited access to external financial resources, it is important to use mechanisms for generating financial flows based on internal sources. In other words, the monetary base should be formed due to internal factors, and not depend on the dynamics of energy prices. In previous years, the main emphasis in the Russian economy was placed on the external sphere as a source of growth financing. Restricting access to external cheap financial resources (due to low oil prices, sanctions, etc.), as well as continuing geopolitical tensions with regard to Russia, reduce the possibilities for implementing longterm investment projects in the economy. This increases the relevance of national mechanisms and sources of formation of the resource base (including long) necessary to refinance previously taken loans, as well as to implement structural changes in the Russian economy.

scholarly journals Phenomenon of Structural-Technological Proximity and Knowledge Spillovers between Russian Regions

2020 ◽  
Vol 16 ◽  
pp. 1254-1271
Author(s):  
Galina A. Untura ◽  
Maria A. Kaneva ◽  
Olga N. Moroshkina
Keyword(s):  
Economic Growth ◽  
Russian Federation ◽  
Knowledge Spillovers ◽  
Knowledge Spillover ◽  
Spatial Proximity ◽  
Russian Regions ◽  
Economic Activities ◽  
Novosibirsk Region ◽  
The Russian Federation ◽  
The Impact

International theoretical and empirical studies have shown that regional development and economic growth largely depend on spatial and non-spatial proximity of regions, which generates knowledge spillovers. We developed a methodological approach to measuring and visualising spatial and structural-technological proximity affecting regional knowledge spillovers. Moreover, we tested the techniques of the cartographic visualisation of the proximity of Russian regions. Further, we analysed foreign and domestic approaches to studying spatial and non-spatial proximity and obtained new results. We described the stages constituting a methodology for the quantitative assessment of different types of regional proximity. Additionally, we proposed a method for constructing a typology of regions based on the coefficients of the non-spatial proximity matrix, calculated according to the indicator “gross value added” for 15 sectors of the Russian National Classifier of Economic Activities (OKVED) for Russian regions. Using the data for the Novosibirsk region in 2005 and 2016, we applied methodological techniques for measuring and visualising geographical and structural-technological proximity (STB) of a region in relation to other constituent entities of the Russian Federation. The Novosibirsk region is located in the middle of the country and has a diversified structure of economic activities and science. For this particular region, there has been an increase in the likelihood of the emergence of knowledge spillover channels with various European regions of Russia and some regions of the Urals and the Far East. Proximity matrices can be used in econometric studies to test hypotheses about the impact of different forms of proximity on regional economic growth. Recommendations to enhance knowledge spillover coincide with the proposals to support the areas of innovative development stated in The Strategy of Spatial Development of the Russian Federation for the period until 2025.

scholarly journals Long-term economic growth and investment: features of the relationship between the North and the Arctic of the Russian Federation

2021 ◽  
Vol 112 ◽  
pp. 00032
Author(s):  
Alexander Kugaevsky ◽  
Anastasiia Dolgunova
Keyword(s):  
Economic Growth ◽  
Russian Federation ◽  
Growth Models ◽  
Raw Material ◽  
The Arctic ◽  
The North ◽  
The Russian Federation ◽  
Regional Product ◽  
The Impact ◽  
The Relationship

For the North and the Arctic constituent entities of the Russian Federation, the mechanism for the impact of investments on economic growth is quite specific due to special conditions of investment activities in the North. Investment processes in the northern territories are characterized by “extension” or increased duration of investment cycles, instability, but at the same time inertia. The results of the study reveal that “northerness”, as well as the raw material orientation of the economy, make it difficult to determine the relationship between such indicators as “fixed investment” and “gross regional product”, therefore, for these territories there is often no clear and statistically significant connection. The investment growth models in the strategic planning of the socio-economic development of these regions should be applied with due diligence and broad understanding of all the features and factors of economic growth in the North.

scholarly journals Impact of Anti-Russian Sanctions on Some Macroeconomic Indicators of Russia’s Development

2020 ◽  
Vol 8 (1) ◽  
pp. 34-40
Author(s):  
S. Kazantsev
Keyword(s):  
Economic Development ◽  
Russian Federation ◽  
Negative Impact ◽  
Financial Economic ◽  
Financial Resources ◽  
Capital Investments ◽  
Capital Productivity ◽  
Macroeconomic Indicators ◽  
The Russian Federation ◽  
The Impact

Measures, imposed on the Russian Federation in 2014 to isolate Russia from the world community, were called sanctions. Their immediate goal is to deprive Russia of resources (financial, economic, technical and technological, information, scientific, cultural) that are needed for its development. The sanctioning countries suppose that the damage caused by their sanctions will weaken the socio-economic, military-political, scientific and technological potential of Russia. Some results of the author’s analysis of the impact of sanctions on the macroeconomic indicators of the Russian Federation i presented in this paper. The following indicators were studied: the volume of financial resources provided to Russian organizations, individuals and credit organizations; the volume and dynamics of capital investments and fixed assets; gross domestic product and industrial output; labour and capital productivity, and some other indicators. The years in which anti-Russian sanctions caused the most considerable damage have been identified. The author also shows that the negative impact of sanctions on the economic development of the country is, in many ways, similar to the damage, caused by the global financial and economic crises. The similarity of their impact is because both crises and sanctions deprive the country of resources for economic development. First of all, we are talking about financial resources.

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