ELABORATION OF AN APPROACH TO THE EVALUATION OF THE BUDGET POTENTIAL USE (CASE STUDY OF THE HIGH NORTH REGIONS OF RUSSIA)

Original article

doi:10.37614/2220-802X.3.2022.77.007

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Tatiana I. Barasheva

Luzin Institute for Economic Studies of the Kola Science Centre of the Russian Academy of Sciences, Apatity, Russia, ORCID 0000-0002-1242-0884

Abstract. An important role in the implementation of the policy of sustainable socio-economic development in a difficult geopolitical situation belongs to strengthening of the financial basis of the Russian regions by increasing their budget  and tax potential. It updates the problem of creating a reasonable and rationally constructed system of evaluating  the budget potential, necessary for making managerial decisions. The purpose of the study is to clarify the indicators  and develop a methodology for evaluating the level of the budget potential, which allows reflecting the prospects  for regional financial security, depending on the efforts made by the authorities. Within the framework of the proposed approach, an analysis of financial security of the territory and evaluation of the quality of the budget process management, evaluating the use of its budget potential are carried out. The developed methodological approach, based on the use  of indicative and matrix analyses, the methods of generalization and synthesis, tabular and graphical data presentation was tested using the High North regions as the case study. The paper presents the calculation results of the aggregate index  and its constituent integral indices, on the basis of which the regions were grouped according to the level of the budget potential use. The trends are studied, the features and causes of the budget potential underuse are identified. The practical significance of the study is caused by the opportunity of applying the proposed approach by the territorial authorities  to make decisions ensuring efficient management of the budget potential in the High North regions.

Keywords: budget potential, financial security, management quality, regions of the High North, types of regions,  use of budget potential

For citation: Barasheva T. I. Elaboration of an approach to the evaluation of the budget potential use (case study of the high North regions of Russia). Sever i rynok: formirovanie ekonomicheskogo poryadka [The North and the Market: Forming  the Economic Order], 2022, no. 3, pp. 104–120. doi:10.37614/2220-802X.3.2022.77.007

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