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Heavily Non-Purpose Grants-Financed Russian Regions: Budgetary Conditions and Tools of State Support

Author

Listed:
  • Mikhail V. Milchakov

    (Expert in the Field of Regional Policy and Intergovernmental Fiscal Relations)

Abstract

The increased budget constraints on the federal level, the problem of heavily non-purpose grants-financed regions with weak own revenue base, which stability should be supported by growing share of state resources, determine the necessity for analysis of support measures efficiency. The author uses official quantitative data from open sources and analyses the features of economic and budget position of heavily non-purpose grants-financed regions in accordance with the special framework for budget process on their territory. In addition, the author considers measures of federal support in the form of non-purpose grants allocation as well as in the form of investment support connected with federal target programs execution and special economic zones functioning. The article includes proposals to improve these tools of regional development. The implementation of formulated proposals will stimulate the increase of budget expenditure efficiency and the decrease in federal support dependence.

Suggested Citation

  • Mikhail V. Milchakov, 2017. "Heavily Non-Purpose Grants-Financed Russian Regions: Budgetary Conditions and Tools of State Support," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 1, pages 22-38, February.
    • Handle: RePEc:fru:finjrn:170102:p:22-38
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    Cited by:

    1. Mikhail V. Milchakov, 2021. "Implementation of Regional Development Priorities Under the Conditions of the COVID-19 Pandemic," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 2, pages 93-113, April.

    More about this item

    Keywords

    heavily non-purpose grants-financed regions; non-purpose grants; intergovernmental subsidies; intergovernmental transfers; regional equalization; federal target programs; special economic zones;
    All these keywords.

    JEL classification:

    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
    • H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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