INTERLEVEL FINANCIAL FLOWS IN THE BUDGETARY SYSTEM OF THE RUSSIAN FEDERATION
V.I. Klistorin1,2
1Institute of Economics and Industrial Engineering, Siberian Branch of the Russian Academy of Sciences, 17, Ac. Lavrentiev av., Novosibirsk, 630090, Russia
2Novosibirsk National Research State University, 1, Pirogova st., Novosibirsk, 630090, Russia
Keywords: консолидированный бюджет, финансовые потоки, трансферты, прямые расходы, регионы-доноры, регионы-реципиенты, централизация финансовых ресурсов, consolidated budget, financial flows, transfers, direct expenses, donor regions, recipient regions, centralization of financial resources
Abstract
The article examines direct and reverse financial flows between the regions and the government. It considers objectives of regional and budgetary policies and discusses methodical problems of estimating the size of financial flows and their interchangeability. We share a view that donor regions and recipient regions should be defined by balance surplus or deficit on all interlevel financial flows, not only based on gratuitous receipts or transfers from the federal budget. This approach makes it possible to eliminate partly the changes in budget legislation as related to allocating financial assistance to the regions. A comparison of the 1996-1998 and present studies shows that the number of donorregions has slightly increased over the period of review. We prove that the consolidation of public finances in Russia has not resulted in a significant decrease in differentiating the levels of regional development. The article reveals a trend: inter-budgetary transfers are partially replaced by direct expenses paid from the federal budget.
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