New Economic Model and Conceptual Directions for Increasing Russia’s Regional Budgets Sustainability
Objectives: This research aims to develop a new economic model and conceptual directions for increasing the sustainability of regional budgets in the Russian Federation. Methods: The research methodology is based on empirical methods (data collection, study, and comparison), methods of synthesizing...
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| Format: | Article |
| Language: | English |
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Ital Publication
2024-04-01
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| Series: | Emerging Science Journal |
| Subjects: | |
| Online Access: | https://www.ijournalse.org/index.php/ESJ/article/view/2318 |
| _version_ | 1797198593533149184 |
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| author | Margarita Vasyunina Mikhail Kosov Oksana Gorlova Andrey Masterov Khongor Zambaev Elena Safronova Nataliya Shmigol |
| author_facet | Margarita Vasyunina Mikhail Kosov Oksana Gorlova Andrey Masterov Khongor Zambaev Elena Safronova Nataliya Shmigol |
| author_sort | Margarita Vasyunina |
| collection | DOAJ |
| description | Objectives: This research aims to develop a new economic model and conceptual directions for increasing the sustainability of regional budgets in the Russian Federation. Methods: The research methodology is based on empirical methods (data collection, study, and comparison), methods of synthesizing theoretical and practical material, and mathematical and statistical analyses. When processing information, methods of systematization and grouping were used. The budgets of the constituent entities of the Russian Federation (BCERF) are the object of this study. The authors proposed grouping and revealed the consequences of the factor actions for the regions, leading to a reduction in income, an increase in the expenses of the BSRF, the need for government borrowing, etc. Findings: Conceptual directions for increasing the sustainability of regional budgets in the Russian Federation were proposed, such as eliminating the practice of subsidies in areas not defined by regulatory legal acts and improving the methodology for distributing subsidies for fiscal equalization, aimed at reducing the risks of underfinancing the expenditure obligations of a constituent entity of the Russian Federation (CERF). Novelty: The scientific novelty of this research includes the presentation of more effective mechanisms for controlling budgetary reserves and increasing the sustainability of regional budgets.
Doi: 10.28991/ESJ-2024-08-02-015
Full Text: PDF |
| first_indexed | 2024-04-24T07:02:20Z |
| format | Article |
| id | doaj.art-b3f1c9df6132497aafc61898078de850 |
| institution | Directory Open Access Journal |
| issn | 2610-9182 |
| language | English |
| last_indexed | 2024-04-24T07:02:20Z |
| publishDate | 2024-04-01 |
| publisher | Ital Publication |
| record_format | Article |
| series | Emerging Science Journal |
| spelling | doaj.art-b3f1c9df6132497aafc61898078de8502024-04-22T06:19:15ZengItal PublicationEmerging Science Journal2610-91822024-04-018260362410.28991/ESJ-2024-08-02-015637New Economic Model and Conceptual Directions for Increasing Russia’s Regional Budgets SustainabilityMargarita Vasyunina0Mikhail Kosov1Oksana Gorlova2Andrey Masterov3Khongor Zambaev4Elena Safronova5Nataliya Shmigol6Financial University under the Government of the Russian Federation, Leningradskiy prosp. 49, Moscow 125167,1) Financial University under the Government of the Russian Federation, Leningradskiy prosp. 49, Moscow 125167, Russian Federation. 2) Plekhanov Russian University of Economics, Stremyanny lane 36, Moscow 117997,Financial University under the Government of the Russian Federation, Leningradskiy prosp. 49, Moscow 125167,Financial University under the Government of the Russian Federation, Leningradskiy prosp. 49, Moscow 125167,Financial University under the Government of the Russian Federation, Leningradskiy prosp. 49, Moscow 125167,Financial University under the Government of the Russian Federation, Leningradskiy prosp. 49, Moscow 125167,Financial University under the Government of the Russian Federation, Leningradskiy prosp. 49, Moscow 125167,Objectives: This research aims to develop a new economic model and conceptual directions for increasing the sustainability of regional budgets in the Russian Federation. Methods: The research methodology is based on empirical methods (data collection, study, and comparison), methods of synthesizing theoretical and practical material, and mathematical and statistical analyses. When processing information, methods of systematization and grouping were used. The budgets of the constituent entities of the Russian Federation (BCERF) are the object of this study. The authors proposed grouping and revealed the consequences of the factor actions for the regions, leading to a reduction in income, an increase in the expenses of the BSRF, the need for government borrowing, etc. Findings: Conceptual directions for increasing the sustainability of regional budgets in the Russian Federation were proposed, such as eliminating the practice of subsidies in areas not defined by regulatory legal acts and improving the methodology for distributing subsidies for fiscal equalization, aimed at reducing the risks of underfinancing the expenditure obligations of a constituent entity of the Russian Federation (CERF). Novelty: The scientific novelty of this research includes the presentation of more effective mechanisms for controlling budgetary reserves and increasing the sustainability of regional budgets. Doi: 10.28991/ESJ-2024-08-02-015 Full Text: PDFhttps://www.ijournalse.org/index.php/ESJ/article/view/2318economic modelsustainability of regional budgetsbudget sustainability assessmentbudget managementreserve fundsfinancial recovery. |
| spellingShingle | Margarita Vasyunina Mikhail Kosov Oksana Gorlova Andrey Masterov Khongor Zambaev Elena Safronova Nataliya Shmigol New Economic Model and Conceptual Directions for Increasing Russia’s Regional Budgets Sustainability Emerging Science Journal economic model sustainability of regional budgets budget sustainability assessment budget management reserve funds financial recovery. |
| title | New Economic Model and Conceptual Directions for Increasing Russia’s Regional Budgets Sustainability |
| title_full | New Economic Model and Conceptual Directions for Increasing Russia’s Regional Budgets Sustainability |
| title_fullStr | New Economic Model and Conceptual Directions for Increasing Russia’s Regional Budgets Sustainability |
| title_full_unstemmed | New Economic Model and Conceptual Directions for Increasing Russia’s Regional Budgets Sustainability |
| title_short | New Economic Model and Conceptual Directions for Increasing Russia’s Regional Budgets Sustainability |
| title_sort | new economic model and conceptual directions for increasing russia s regional budgets sustainability |
| topic | economic model sustainability of regional budgets budget sustainability assessment budget management reserve funds financial recovery. |
| url | https://www.ijournalse.org/index.php/ESJ/article/view/2318 |
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