ANALYSIS OF FISCAL CAPACITY OF RUSSIAN REGIONS: APPROACHES AND CONCLUSIONS
T.V. Sumskaya
Institute of Economics and Industrial Engineering, Siberian Branch of the Russian Academy of Sciences, Novosibirsk, Russia
Keywords: regional budget, budget revenues, tax and non-tax revenues, gratuitous receipts, transfers, region, subject of the Russian Federation, heterogeneity of budget revenues
Abstract
The article reviews the budget revenues of the subjects of the Russian Federation in constant prices for the period from 2012 to 2021. The regions with the largest and the smallest volumes of tax and non-tax revenues, as well as gratuitous transfers are singled out. To assess the direction of the budget policy of the federal authorities, we studied the dynamics of a number of statistical indicators, including tax and non-tax revenues, total revenues and transfers calculated per capita. In addition, we calculated the Spearman rank correlation coefficient, which made it possible to analyze the relationship between regional revenues with and without federal transfers. The results of regression analysis indicate that the key objective of the budget policy is to reduce interregional disparities in the structure of revenues of the RF subjects. However, in order to increase the interest of regions in increasing tax revenues, it is necessary to expand their tax powers. Given that the list of regions with the lowest volumes of tax and non-tax revenues remained practically unchanged during the period under study, it is necessary to review the effectiveness of the current mechanism of transfer distribution.
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