The Research on the Effectiveness of Budgetary Instruments of the Regional Socio-economic Systems Development

DOI

10.2991/emle-18.2018.9How to use a DOI?

Keywords

budget process; regional development; efficiency of budgetary instruments

Abstract

Budget is a significant instrument of regional development, which helps to solve social problems, align the level of different regions economic development and encourage the most meaningful life support projects of the state. However, it is possible to single out a number of problems constraining the efficiency of budgetary instruments use in Russia, among which there are the following: insufficient financing, low efficiency of budget resources, and a high degree of regional differentiation in Russia. The objective of this paper is to assess the impact of regional budget expenditures on Russian regions development indicators and to determine the effectiveness of budget expenditures in the achievement of socio-economic results of regional development. To meet the set goal, the methods of correlation and regression analysis have been used as they allow assessing the degree of budget expenditures influence on the socio-economic indicators of regional development. The information base for the study is represented by the Federal Treasury of Russia and the Federal State Statistics Service data. The results of the study suggest that regional budget is not currently an effective tool for regulating the socio-economic development of most territories. To solve the existing problems, it is necessary to develop an organizational and economic model of managing the socio-economic regional development, which can provide the integration of the budget process and long-term planning at the regional level.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Starikova Tatiana
AU  - Filimonova Natalia
AU  - Zaitseva Irina
PY  - 2018/12
DA  - 2018/12
TI  - The Research on the Effectiveness of Budgetary Instruments of the Regional Socio-economic Systems Development
BT  - Proceedings of the 4th International Conference on Economics, Management, Law and Education (EMLE 2018)
PB  - Atlantis Press
SP  - 50
EP  - 55
SN  - 2352-5428
UR  - https://doi.org/10.2991/emle-18.2018.9
DO  - 10.2991/emle-18.2018.9
ID  - Tatiana2018/12
ER  -