ASSESSMENT OF FINANCIAL AND ECONOMIC SUSTAINABILITY OF THE REGION IN CONDITIONS OF GLOBAL INSTABILITY (USING THE RYAZAN REGION AS AN EXAMPLE)

Author(s): Gravshina I.N., Denisova N.I.

Rubric: Economics of sustainable development

DOI: 10.21777/2587-554X-2023-3-65-73

Release: 2023-3 (46)

Pages: 65-73

Keywords: financial and economic sustainability of the region, sanctions, gross regional product, consolidated budget, investments

Annotation: The subject of the study is the financial and economic sustainability of the region, which is a prerequisite for the further development of the regional system in the context of Western sanctions and other external threats. The study is aimed at assessing the financial sustainability of a particular region based on the system of indicators developed by the author. The methodological basis of the study is a systematic approach to the assessment and a sustainable relationship between indicators and elements of financial sustainability. Scientific novelty lies in the forming of a system of indicators that make it possible to assess the financial sustainability of the subject of the Russian Federation. An assessment of the financial and economic sustainability of the Ryazan region in accordance with the author’s approach is presented. An integrated approach to ensuring the sustainability of the region is outlined with the designation of specific tools and directions for the development of territories. The experience of ensuring the sustainability of the Ryazan region, based on the principles of inter-territorial interaction, in modern conditions of external threats, is presented. Scientific and practical significance lies in the versatility and accessibility of use for assessing the sustainability of the region of the author’s scorecard.

Bibliography: Gravshina I.N., Denisova N.I. ASSESSMENT OF FINANCIAL AND ECONOMIC SUSTAINABILITY OF THE REGION IN CONDITIONS OF GLOBAL INSTABILITY (USING THE RYAZAN REGION AS AN EXAMPLE) // Economics and Management. – 2023. – № 3 (46). – С. 65-73. doi: 10.21777/2587-554X-2023-3-65-73