FINANCIAL STABILITY - VITALITY FACTOR OF SMALL CITIES
M.V. Korotich
Baikal National University of Economics and Law, Irkutsk
Keywords: small city, local budget, level of financial stability, vitality of small city
Abstract
Financial stability as a great potential of vitality of small cities of Siberian Federal district is considered. The notion of financial stability of municipal formation is given. Estimation procedure for financial stability of small cities on the basis of the integral index (financial stability index) is suggested. Gradation of small cities by level of financial stability as a result of calculation of financial stability index is presented with a view to definition of effective development strategy of small cities network as well as mechanism of its implementation, which will make it possible to strengthen spatial continuity of Siberia in a whole.
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