Methodology for assessment of total stability of regional high-yield budgets of Russia

Chechen State University, A. Sheripova Str., 32, 364060 Grozny, Russia

^* Corresponding author: basxo@yandex.ru

Abstract

The stability of the budget system allows the national economy to ensure overall stability not only in the fiscal aspect, but also in many other areas of public activity. Risks of instability in one segment of the budget structure can cause a cascade of problematic aspects and negatively affect the overall balance of the country's budget system. Fiscal policy in Russia is still unable to solve the problem of increasing the financial autonomy of a certain category of regional budgets that have a high degree of subsidy dependence. Stable maintenance of the number of high-yield budgets of the country's constituent entities causes additional risks of the fiscal policy instability. In this regard, the research of the formation and state of regional budgets with a high subsidy dependence is quite relevant, especially in the context of increased external challenges. This article is aimed at multi-dimensional identification of problematic aspects of the stability level of the regional high-yield budgets of Russia in terms of their balance, stability and debt burden, which will determine their current state in current conditions. Analysis of the dynamics of revenues and expenditures of a regional high-yield budgets group with the determination of the level of their balance over the past three years is carried out. Methodology for a comprehensive assessment of the overall level of regional budgets' stability has been developed, including 5 main groups that reflect the quantitative and qualitative characteristics of regional finance. Analysis of the budget stability of high-yield regions of Russia is carried out. The main positive and negative aspects that characterize the state of the regional high-yield budgets of the country are identified.