Authors : Arsen A. Tatuev, Natalya N. Shash, Alim B. Nagoev, Elena V. Lyapuntsova and Violetta V. Rokotyanskaya
Abstract: The study establishes the reasons for economic differentiation and defines the sources of economic disparity of Russian regions as well as analyses forms and methods of economic support and sets out measures aimed at eliminating economic development imbalance of subjects of the Russian Federation. Sources the reasons and sources of economic differentiation of regions are established, classification by the level of economic development is carried out them, the inefficiency of traditional forms and methods of economic support is proved, changes in the mechanism of the budgetary crediting are considered, the assessment of efficiency of the policy of alignment of a financial position of various territories pursued by the federal center is given. The measures directed on increase of balance of regional budgets are analysed: offers on redistribution of profitable sources between budgets of subjects of the Russian Federation and local budgets; specification of forms of the interbudgetary transfers sent to regions, including introduction of grants for ensuring balance of the budget, “horizontal interbudgetary transfers”, restriction of the sphere of the interbudgetary transfers, toughening of requirements to distribution of subsidies exclusively laws (decisions) on the budget. It is proved that now the high level of the risks caused by increase in volumes and deterioration of conditions of service and repayment of debt obligations of subjects of the Russian Federation and municipalities at simultaneous reduction of the tax income of the consolidated budgets of subjects remains.
Arsen A. Tatuev, Natalya N. Shash, Alim B. Nagoev, Elena V. Lyapuntsova and Violetta V. Rokotyanskaya, 2015. Analysis of the Reasons and Consequences of Economic Differentiation of Regions. International Business Management, 9: 928-934.