Analysis of the Russian Experience in the Implementation of Regional Financial Regulation

DOI

10.2991/aebmr.k.210222.031How to use a DOI?

Keywords

regional financial regulation, interbudgetary transfers, regional taxes, targeted program instruments, special statuses of territories, financial development institutions

Abstract

The article analyzes the implementation of regional financial regulation in Russia at the present stage of development. The urgency of studying the issues of financial regulation of territorial development in Russia is substantiated and the content of this element of state economic policy is given. The classification of key instruments of state financial regulation according to the specifics of their application is considered. The paper highlights general instruments that apply to all regions (the system of interbudgetary transfers and taxes regulated by regional authorities), and special tools used for the development of specific territories (program-targeted instruments, special legal statuses of territories and the creation of specialized financial institutions). The efficiency of using these tools and the degree of their impact on the economic systems of the constituent entities of the Russian Federation and their clusters (in particular, the Far Eastern Federal District, the North Caucasian Federal District, the Republic of Crimea and the city of Sevastopol, the Arctic zone of the Russian Federation, the Kaliningrad region) are evaluated. Special attention is paid to the possibilities of using each group of financial instruments to achieve the strategic priorities for the development of individual territories. It is concluded that in the conditions of our country, the most effective instrument of territorial development is currently state and federal development programs.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - R.V. Badylevich
PY  - 2021
DA  - 2021/02/24
TI  - Analysis of the Russian Experience in the Implementation of Regional Financial Regulation
BT  - Proceedings of International Scientific and Practical Conference “Russia 2020 - a new reality: economy and society” (ISPCR 2020)
PB  - Atlantis Press
SP  - 159
EP  - 163
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210222.031
DO  - 10.2991/aebmr.k.210222.031
ID  - Badylevich2021
ER  -