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Execution of National Projects in Regions Under the Conditions of Countering the Coronavirus Pandemic

Author

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  • Mikhail V. Milchakov

    (Financial Research Institute, Moscow 127006, Russian Federation)

Abstract

Under modern conditions, national projects have become the basis for the socioeconomic development of Russian regions. This emphasizes the importance of an adequate financial support for national projects’ performance, taking into account regional features. The support to regions for national projects’ execution takes about 1/3 of the total sum of intergovernmental grants from the federa lbudget to regions. The level of regional involvement in national projects’ execution varies to some extent: about 30 regions are characterized by having a 10–15% share of federal aid for execution of national projects in the total sum of the revenue base, whereas 32 regions have a 5–10% share. In this paper, the author gives an assessment of regional budgets’ stability taking into account the measures of countering the coronavirus pandemic in line with three scenarios. The paper includes the results of possible revenue falls in regional budgets. The author presents recommendations for the enhancement of national projects’ management in case of the “severe” scenario of the pandemic.

Suggested Citation

  • Mikhail V. Milchakov, 2020. "Execution of National Projects in Regions Under the Conditions of Countering the Coronavirus Pandemic," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 3, pages 28-47, June.
    • Handle: RePEc:fru:finjrn:200302:p:28-47
    DOI: 10.31107/2075-1990-2020-3-28-47
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    References listed on IDEAS

    as
    1. Igor Yu. Arlashkin, 2020. "Comparative Assessment of Regional Fiscal Capacity Calculation Approaches," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 1, pages 58-67, February.
    2. Mikhail V. Milchakov, 2019. "The Features of Federal Support Allocation Among Russian Regions for National Projects Execution," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 3, pages 22-37, June.
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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.
    2. Pavel V. Stroev & Olga V. Pivovarova & Khasanbi V. Sheozhev & Anna I. Dudnik, 2023. "Regions with Low Financial Sustainability: Analysis and Enhancement of Development," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 1, pages 26-44, February.

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      More about this item

      Keywords

      intergovernmental fiscal relations; intergovernmental transfers; national projects; general grants; block grants; budgets of Russian regions; coronavirus infection; pandemic; COVID-19;
      All these keywords.

      JEL classification:

      • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
      • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures
      • 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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