Vasilyev V.V. Interbudgetary Relations as the Basis of Modern Regional Policy of Russia


Vadim Viktorovich Vasilyev
Candidate for a Degree, Department of Economic Theory and Economic Policy, Volgograd State University,
Deputy Director of the Department of Intergovernmental Relations, Ministry of Finance of the Russian Federation
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Prosp. Universitetsky, 100, 400062 Volgograd, Russian Federation

Abstract. The current differentiation of levels of socio-economic development of regions of Russia actualizes the need to develop a comprehensive regional policy on reducing regional disparities. The article presents a comparative analysis of approaches to the management of territorial development of the adjustment period. It identified the dominant direction of regulation – smoothing interregional differentiation by forming growth points and increasing inter-regional integration. The emphasis shifted to the development of decentralized co-financing of regional programs providing an innovative, socially-oriented development of the territories by forming zones of advancing economic growth. The article describes the basic principles of the system of intergovernmental relations. It justified the role of intergovernmental transfers in the creation of conditions for the integration and alignment of differentiation of the Russian regions. An analysis of currently intergovernmental transfers in Russia as the basis of the federal financial policy in relation to the regions. An analysis of the peculiarities of these kinds of intergovernmental transfers as grants, subsidies, subventions from the federal budget to the budgets of the Russian Federation. Consideration of the basic kinds of intergovernmental transfers allowed to prove the primary problems of the current system of intergovernmental fiscal relations.
Key words: socio-economic development of regions, regional policy, territorial differentiation, regional budget, interbudgetary transfers.

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Interbudgetary Relations as the Basis of Modern Regional Policy of Russia by Vasilyev V.V. is licensed under a Creative Commons Attribution 4.0 International License.

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