RuEn

Journal section "Public finances"

Instruments and Principles of Reallocating Budgetary Resources in the Region

Pechenskaya-Polishchuk M.A.

Volume 13, Issue 2, 2020

Pechenskaya-Polishchuk M.A. Instruments and principles of reallocating budgetary resources in the region. Economic and Social Changes: Facts, Trends, Forecast, 2020, vol. 13, no. 2, pp. 71–88. DOI: 10.15838/esc.2020.2.68.5

DOI: 10.15838/esc.2020.2.68.5

Abstract   |   Authors   |   References
The article is devoted to studying the reallocation of budgetary resources at the intraregional level. The author has made a hypothesis that the existing instruments and principles of reallocating budgetary resources in the region hinder the effective use of the local budgetary system’s capacity for developing the fiscal capacity of the entire region. The work is aimed at justifying the key principles and instruments of the modern public regional policy in the field of the intraregional reallocation of budgetary resources for developing the region’s fiscal capacity. The Russian regions have become the object of the study covering the period from 2005 to 2018. In order to reveal statistical regularities, the researcher has used general scientific methods based on the official data from the Federal Treasury, the Ministry of Finance, Rosstat, regional authorities and local government bodies. The works of leading Russian and foreign scientists have composed the theoretical basis of the study. In the course of the research the author has identified the trends of budgetary reallocation in the region, as well as proposed the directions of improving its efficiency, including the set of instruments for strengthening the income basis of local budgets and the research and methodological justification for using the budgetary reallocation instruments in the region. The scientific novelty of the results includes the justification of applying the instruments and principles of the modern public regional policy in the field of the intraregional reallocation of budgetary resources, which, unlike the existing ones, rely on the effective use of the local budgetary system’s capacity for developing the fiscal capacity of the entire region. The materials of the present article can be used in the educational sphere, as well as in the activities of public authorities and local government bodies

Keywords

local government, fiscal federalism, differentiation, stimulation, municipal units, municipal development, equalization, fiscal capacity, reallocation

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