Borsch L.M., Gerasimova S.V. PERFORMANCE ANALYSIS OF REGIONAL BUDGETARY POLICY

DOI: https://doi.org/10.15688/ek.jvolsu.2021.1.7

Lyudmila M. Borsch

Doctor of Sciences (Economics), Professor, Department of Finance of Enterprises and Credit, Institute of Economics and Management, V.I. Vernadsky Crimean Federal University, Prosp. Akademika Vernadskogo, 4, 295007 Simferopol, Russian Federation, This email address is being protected from spambots. You need JavaScript enabled to view it. , https://orcid.org/0000-0001-7729-3022

Svetlana V. Gerasimova

Doctor of Sciences (Economics), Professor, Department of Business Informatics and Mathematical Modeling, Institute of Economics and Management, V.I. Vernadsky Crimean Federal University, Prosp. Akademika Vernadskogo, 4, 295007 Simferopol, Russian Federation, This email address is being protected from spambots. You need JavaScript enabled to view it. , https://orcid.org/0000-0002-7077-6352


Abstract. The article examines the actual scientific and practical problem of budgetary regional policy, the formation and use of a consolidated budget as an effective mechanism for allocating the budget to the municipal territories of the region. The effectiveness of the regional budget policy is influenced by the monetary policy of the central bank, which performs an important function of managing the monetary sphere, using tools and methods that affect socio-economic development with the use of complex processes of influencing the processes of reproduction, which determines the relevance of this study. The aim of the study is to develop tools, use them in budgetary policy in the formation of a consolidated budget, ensure economic development and social standards of the population. The novelty of the research is the application of a synthesis of systemic and institutional approaches based on the specifics of budget policy and the mechanisms of their formation. As a result of the study, an analysis of the formation of a consolidated budget and its use was carried out, using tools and mechanisms of influence, through which adjustments are made to maintain macroeconomic equilibrium and effective development based on their own laws that arise within the economic system. Reproduction processes occur within the economic system and form a complex system of economic development, which is subordinated to the influence of methods and tools, acquiring a new architecture in the management system. Through the provision of development processes, new approaches are being built and created, strengthening competitive advantages in the economic system of regional development. The region is strengthening its position and is able to compete in the market, meet consumer demand, influence the development of the domestic market, ensuring the socio-economic development of the region. Dominant use of budget methods of direct and indirect incentives comprehensively ensures the socio-economic development of the region. The research was carried out on the basis of indicators of the Republic of Crimea, which are in the public domain.

Key words: direct and indirect methods, budget policy instruments, consolidated budget, social and economic development, criteria, monetary policy, reproduction processes.

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PERFORMANCE ANALYSIS OF REGIONAL BUDGETARY POLICY by Borsch L.M., Gerasimova S.V. is licensed under a Creative Commons Attribution 4.0 International License.

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