IDEAS home Printed from https://ideas.repec.org/a/url/izvest/v22y2021i1p90-104.html
   My bibliography  Save this article

Trends in attracting resources to the budgets of regional centers

Author

Listed:
  • Mariya A. Pechenskaya-Polishchuk

    (Vologda Research Center of the Russian Academy of Sciences, Vologda, Russia)

Abstract

The paper explores the transformations in the state of the budgets of regional centers to formulate recommendations concerning the development of their budget potential. Methodologically, the paper relies on the theory of public finance, supply-side economics, and spatial economics. Applying economic-statistical, structural, logical, and comparative methods, the author identifies the role of repayable and non-repayable receipts in the budgets of regional centers. The analysis covers the period of 2011–2018, when the budget crisis in the Russian regions triggered significant changes in the system of the intergovernmental relations at municipal level. Critical analysis of the key trends in the formation and use of attracted budget resources of regional centers is performed using the case of the Northwestern Federal District of the Russian Federation. The findings point to an increase in the debt burden from 33 to 52 % of the own revenues of the budgets of the regional capitals; a steady trend towards domination of the funds attracted as gratuitous financial assistance over budgets’ own revenues since 2014; a significant growth in the authority delegated from higher levels. Public authorities and local governments may benefit from the research findings while making decisions meant to improve intergovernmental relations and manage the municipal debt.

Suggested Citation

  • Mariya A. Pechenskaya-Polishchuk, 2021. "Trends in attracting resources to the budgets of regional centers," Journal of New Economy, Ural State University of Economics, vol. 22(1), pages 90-104, April.
    • Handle: RePEc:url:izvest:v:22:y:2021:i:1:p:90-104
    DOI: 10.29141/2658-5081-2020-22-1-5
    as

    Download full text from publisher

    File URL: http://jne.usue.ru/images/download/90/5.pdf
    Download Restriction: no
    File URL: http://jne.usue.ru/en/issues-2021/973
    Download Restriction: no
    File URL: https://libkey.io/10.29141/2658-5081-2020-22-1-5?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. A.N. Bufetova (anb@ieie.nsc.ru), 2009. "Inequalities in spatial development of regional centers and regional periphery," Journal "Region: Economics and Sociology", Institute of Economics and Industrial Engineering of Siberian Branch of RAS, vol. 4.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. D. M. Medvednikova, 2022. "Differentiation Factors of the Debt Situation in Russian Urban Okrugs with over 100 000 Residents in 2015–2020," Regional Research of Russia, Springer, vol. 12(4), pages 531-543, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Alexander Evgenyevich Chepik, 0. "Forecasting of Intraregional Unevenness of Economic Development of the Region," Administrative Consulting, Russian Presidential Academy of National Economy and Public Administration. North-West Institute of Management., issue 2.
    2. Dvoryadkina, E. B. & Kaibicheva, E. I., 2017. "Trends of centre-periphery polarization in Sverdlovsk region between 2008 and 2015," R-Economy, Ural Federal University, Graduate School of Economics and Management, vol. 3(2), pages 120-129.

    More about this item

    Keywords

    local development; local self-government; budget potential; local budget; regional center; intergovernmental relations; municipal debt;
    All these keywords.

    JEL classification:

    • H74 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Borrowing
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:url:izvest:v:22:y:2021:i:1:p:90-104. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Victor Blaginin (email available below). General contact details of provider: https://edirc.repec.org/data/usueeru.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.