EXPERIENCE OF PUBLIC DEBT MANAGEMENT IN THE RUSSIAN FEDERATION REGIONS
Author(s): Vakhrameev Roman Alexandrovich
Rubric: Regional economy
Release: 2018-4 (27)
Keywords: balance of the budget, budget deficit, sources of financing the deficit, public debt, debt obligations, borrowing of the subject of the Russian Federation, debt policy
Annotation: The issue of analyzing the security of regional budgets in the Russian Federation is not determined solely by income-expenditure parameters. An important role is played by aspects of balance, which consist in covering the arising budget deficit by sources of its financing, reducing the amount of accumulated government debt obligations, as well as finding solutions to existing problems in order to equalize the budget security of the subjects of the Russian Federation. In this regard, the aim of the work is to study the achieved values related with the management of public debt by the subjects of the Russian Federation, to determine the budget sustainability of the regions. The relevance of the studied subject of research is high due to a significant systemic increase in regional debt over the past years, which has a negative effect on the economy, distorting the budget process and jeopardizing the satisfaction of primary needs in the timely conduct of social expenditures. Among the research methods used are logical, analysis and synthesis, comparison, tabular and graphical methods for visualizing results, as well as specialized statistical methods – grouping and research of trends of time series. The result of the work was the formation of proposals to improve the financial stability of the regions and curb the increase in the level of their debt obligations.
Bibliography: Vakhrameev RO.AL. EXPERIENCE OF PUBLIC DEBT MANAGEMENT IN THE RUSSIAN FEDERATION REGIONS // Economics and Management. – 2018. – № 4 (27). – С. 51-60. doi: 10.21777/2587-554X-2018-4-51-60