Peculiarities of Formation of Regional Finance in Russia
Peculiarities of Formation of Regional Finance in Russia

Summary/Abstract: The article discusses the theoretical aspects of the concept and peculiarities of formation of regional finance, approaches to learning and assessment; it reveals the importance of regional finances for the budgetary system of a federal type. Also, the peculiarities of formation of the finance of the second- tier in the Russian budget system and its differences from other countries with a similar budget arrangement have been studied. With the help of statistical and mathematical methods of analysis, the main factors affecting the finances of regions have been revealed. The influence of return of certain types of duties, macroeconomic indicators, peculiarities of debt and expenditure policies, and particular qualities of socio- economic development of returns from the federal budget have been evaluated. The conclusions about the state of regional finance in Russia have been made, and the methods of levelling the influence of factors adversely and significantly affecting finances of regions having the theoretical and practical significance have been proposed.

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