Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020)

Formation of Fiscal Conditions for Stirring up Self-Development Processes in Northern Regions of RF

Authors
T Barasheva
Corresponding Author
T Barasheva
Available Online 17 March 2020.
DOI
https://doi.org/10.2991/aebmr.k.200312.107How to use a DOI?
Abstract
The process of transforming regions into self-developing ones presupposes availability of financial resources enabling them to carry out independent financial and economic policies. The state fiscal regulation, being a tool for managing the development of territories, should contribute to enhancing the process of self-development in the northern regions by creating incentives for all participants of economic relations to search for additional financial sources, and full use of territorial resources and opportunities. The paper assesses the regulatory impact of the state fiscal policy on the development of northern regions of the Russian Federation. It is shown that the federal tax regulation does not provide the required stimulating effect for economic agents of the northern regions toward their development and active participation in territorial economic processes. It is shown that a high degree of centralization of tax powers determines the leading role of federal tax legislation in the management of regional processes. An obstacle to implementation of regional tax initiatives are limited financial resources of territorial budgets. It is determined that the consequence of budgetary regulation is the preservation of negative trends in the budget system of the northern regions. The low fiscal capacity of the northern regions causes difficulties for socio-economic policy and does not contribute to increasing living standard of the population. The practical significance of the study is in identification of topical problems of fiscal relations, development of directions of the fiscal policy and mechanisms of fiscal regulation. The proposed by the author typology of northern regions of the Russian Federation identifying groups of regions depending on their financial potentialities and level of economic potential as well as regional problems of development of the northern regions became the basis for substantiation of the state policy directions.
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Volume Title
Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020)
Series
Advances in Economics, Business and Management Research
Publication Date
17 March 2020
ISBN
978-94-6252-929-8
ISSN
2352-5428
DOI
https://doi.org/10.2991/aebmr.k.200312.107How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - T Barasheva
PY  - 2020
DA  - 2020/03/17
TI  - Formation of Fiscal Conditions for Stirring up Self-Development Processes in Northern Regions of RF
BT  - Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020)
PB  - Atlantis Press
SP  - 757
EP  - 764
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200312.107
DO  - https://doi.org/10.2991/aebmr.k.200312.107
ID  - Barasheva2020
ER  -