FISCAL POLICY OF RUSSIAN REGIONS IN THE FINANCIAL CRISIS
The global financial and economic crisis in different ways influenced the budget system of the Federation, therefore to analyze fiscal policy regions were grouped in such a way as to identify subjects with similar crisis consequences. In the article all regions were divided into nine types, they were subsequently divided into three groups. As a result of this work, we found that the most sensitive to the crisis was a group of regions with the average development, as well as areas of the economy which is the basis of engineering, also clearly observed low degree of competitiveness of the manufacturing sector. Among the regions, where the main focus is the mining industry, as part of the study we revealed a high degree of dependence on conditions in the world oil market. Under these conditions, the role of government fiscal policy, especially in the field of intergovernmental relations, is becoming one of the defining factors of socio-economic development of regions.
Keywords: budget policy, Gross Regional Product, budget capacity, ideal transfers per capital
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Issue: 8, 2014
Series of issue: Issue 8
Rubric: INDUSTRY ECONOMICS AND MANAGEMENT
Pages: 120 — 126
Downloads: 1316