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Approaches to the Management of Fiscal Instruments, Taking into Account the New Challenges of Regional Socio-Economic Policy
[Подходы К Управлению Фискальными Инструментами С Учетом Новых Вызовов Региональной Социально-Экономической Политики]

Author

Listed:
  • Blokhin, Andrey (Блохин, Андрей)

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA))

  • Gerasimova, Yulia (Герасимова, Юлия)

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA))

  • Komarnitskaya, Anna (Комарницкая, Анна)

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA))

Abstract

The aggravated recent problems of uncontrolled growth of the regional debt and deterioration of the budget balance of the consolidated budget of the constituent entities of the Russian Federation indicate that the current budget policy of the subjects of the Russian Federation is not effective enough. At the same time, the fiscal instruments used by the federal center to support the development of the regions, including interbudgetary transfers, the rates of deductions from individual taxes, state programs, unified requirements for the formation of a state task for the provision of public goods and social services, do not meet modern challenges. Obviously, they should play a more active stimulating role in implementing the strategic objectives of regional policy, taking into account the changing socio-economic conditions in the forthcoming period. The current regional policy is secondary to other, first of all, sectoral politicians, therefore it is rather declarative. Her documents have not been reviewed for a long time. Sectoral documents (in particular, strategies, concepts for the development of industries and spheres of activity, state programs of the Russian Federation), as a rule, have a weak link to the specifics of the regions, the interconnection of their regional dimension is not carried out, the regional sections of each sector document are their own and do not coincide . Requirements to the documents being developed on their mutual linking in the regional context are not formulated in the legislation. In the circumstances, budgetary instruments only smooth out the most acute problems of regional policy, and do not solve them, in essence.

Suggested Citation

  • Blokhin, Andrey (Блохин, Андрей) & Gerasimova, Yulia (Герасимова, Юлия) & Komarnitskaya, Anna (Комарницкая, Анна), 2018. "Approaches to the Management of Fiscal Instruments, Taking into Account the New Challenges of Regional Socio-Economic Policy [Подходы К Управлению Фискальными Инструментами С Учетом Новых Вызовов Р," Working Papers 031822, Russian Presidential Academy of National Economy and Public Administration.
    • Handle: RePEc:rnp:wpaper:031822
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    References listed on IDEAS

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    1. Gilles Duranton & J. V. Henderson & William C. Strange (ed.), 2015. "Handbook of Regional and Urban Economics," Handbook of Regional and Urban Economics, Elsevier, edition 1, volume 5, number 5.
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