Methodological Aspects of Assessing the Fiscal Sustainability of the Russian Federations’ Regions in Modern Economic Conditions
Methodological Aspects of Assessing the Fiscal Sustainability of the Russian Federations’ Regions in Modern Economic Conditions

Author(s): Sergey N. Yashin, Nadezhda Yashina, Natalia N. PRONCHATOVA-RUBTSOVA, Oksana Kashina, Sergey Bogomolov
Subject(s): National Economy, Regional Geography, Economic policy, Methodology and research technology, Fiscal Politics / Budgeting
Published by: Masarykova univerzita nakladatelství
Keywords: fiscal sustainability; final normalized indicator; budget management; efficiency; population well-being;
Summary/Abstract: In the conditions of economy volatility, the increased sensitivity of the fiscal system of the state to negative impacts and limited financial resources, the need to improve the quality of public finance management through the rational use of mobilized revenues and optimization of public spending is becoming more pressing. In this regard, the goal of the study is to develop a methodology for assessing the fiscal sustainability of regions in modern economic conditions to ensure sustained economic growth and development of the country, contributing to improving the population well-being. The paper considers the features of the regional budgets analysis based on a specially formed system of fiscal sustainability indicators. The study is based on a systems approach that allows analyzing various aspects of fiscal sustainability assessment in modern economic conditions. The authors propose to calculate indicators, reflecting the peculiarities of financing human capital and productive economy sectors, the specifics of the income structure and budget management efficiency. Used methods of economic, systems analysis and mathematical statistics. The methodology has been tested on a sample of official data on the execution of consolidated regional budgets from open databases of the Federal State Statistics Service, the Federal Tax Service and the Federal Treasury of the Russian Federation for 2016-2018. The result of the methodology application is the ordering of the Russian regions based on the value of the final normalized indicator for assessing the fiscal sustainability.

• Details
• Contents