Features of Financial Potential Formation at the Regional Level

DOI

10.2991/iscfec-18.2019.14How to use a DOI?

Keywords

financial potential, a region, tax revenues, a budget

Abstract

This research considers features of financial potential formation at the regional level. The given category is explained from the point of view of a systematic approach. Authors try to reveal «financial potential» through «financial resources». Economists usually use various definitions that have some drawbacks. An extended classification of the financial potential is proposed taking into account the sets of parameters. The author discloses the problems of financial potential formation of a republic in accordance with the systematic approach. It is important to emphasize the fact that the main budgetary incomes, namely, tax revenues account for the biggest share of the revenue structure. The author specifies the practical importance and makes the conclusion that tax revenues can be regarded as the investment in further development of a region. Theoretically, this is likely togenerate some profit. However, there can arise the situation when using privileges may lead to losing some revenues but at the same time expected effect from their application is not reached.

Copyright

© 2019, 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  - L. Bayguzina
PY  - 2019/01
DA  - 2019/01
TI  - Features of Financial Potential Formation at the Regional Level
BT  - Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2018)
PB  - Atlantis Press
SP  - 58
EP  - 61
SN  - 2352-5428
UR  - https://doi.org/10.2991/iscfec-18.2019.14
DO  - 10.2991/iscfec-18.2019.14
ID  - Bayguzina2019/01
ER  -