European Proceedings Logo

Performance Evaluation Of Regional Budgetary Policy In The Russian Federation

Table 4:

Index Characteristics of region Points
Total points Well-developed region with sustainable growth, the budget has high level of autonomy and independence from federal inter-budget transfers (except for the federal laws as part of delegated authority). 15–20
Developing region, where there are certain issues with covering the expenditure from a regional budget, occasionally it is necessary to send additional financing from a higher level budget for further development of the region and its long-term financial stability. 8–14
Subsidized region, requiring great amount of financial support from the federal budget. In our opinion, it is necessary for the federal centre to control all the time the dynamics of all major socioeconomic indices of a region in order to react immediately in case of decline in its social and economic development. If necessary, it is possible to allocate additional funds or correct the programme of socioeconomic development of a region, capable to redress the financial stability of the region without inter-budget transfers. 0–7
Region in crisis (depressed), whose budget implies vigorous support from the federal centre, and developing the socioeconomic programme at the federal level. < 0
< Back to article