| Issue |
SHS Web Conf.
Volume 101, 2021
SAHD 2021 - 5th International Scientific and Practical Conference 2021 “Modern Science: Problems and Development Prospects (Social and Humanitarian Directions)”
|
|
|---|---|---|
| Article Number | 02026 | |
| Number of page(s) | 6 | |
| Section | Economics and Management | |
| DOI | https://doi.org/10.1051/shsconf/202110102026 | |
| Published online | 26 April 2021 | |
Research of Budget Risks as a Factor of Influence on the Sustainable Development of Territories
Murom Institute, Vladimir State University n.a. A.G. & N.G. Stoletovs, 23 Orlovskaya Street, 602264 Murom, Vladimir Region, Russia
* Corresponding author: terentieva-murom@yandex.ru
This article presents an overview of modern scientific research on budget risks as a factor influencing the sustainable development of territories. Certain aspects of the budget risk category were clarified based on an analysis of the existing conceptual framework of budget risk theory. The main types of budget risks are highlighted and the relationship between them is reflected. The main risk factors of the municipal budget corresponding to each type of risk were also identified. Also, recommendations on the methodology for assessing budget risks are provided. They are based on the use of correlation and regression analysis methods, as well as the simulation modeling of budget risk indicators. This methodological approach will allow for scenario analysis, stress testing of key budget indicators, and improvement of the quality of financial management. This will increase the resilience of budgets to the impact of uncertainty and risk factors.
© The Authors, published by EDP Sciences, 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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