scholarly journals GOVERNMENT INCENTIVES OF AGRO-INDUSTRIAL REGIONS IN TIMES OF ECONOMIC RECESION

2020 ◽  
pp. 40-49
Author(s):  
N. I. Kolyada ◽  
A. Ya. Trotzkovsky
Keyword(s):  
National Economy ◽  
Time Lag ◽  
Economic Recovery ◽  
Tax Revenue ◽  
Budget Management ◽  
Regional Budget ◽  
Industrial Regions ◽  
One Year ◽  
Regional Budgets ◽  
The Impact

This article deals with theoretical and practical aspects of formulation and implementation of fiscal policy, income and expenses in particular. It also provides a brief analysis uncompensated receipts, regional budget expenditures on national economy, profit tax rise in revenue to regional budgets during the period of undeclared crisis in 2015 and the following period of economic recovery in 2016-2017. The position of the Altai Territory in the research group has been determined. The impact of federal and regional budgets on the dynamics of territories’ revenue trends from profit tax has been studied. Efficiency gains of budget management have been noted. Such indicators as the amount of profit tax revenue counting on per ruble of costs on national economy from a regional budget, the amount of the following year profit tax counting on per ruble of national economy costs from the previous year regional budget (in 2016-2017 in kopecks) were defined as criteria for evaluating the effectiveness. It has been shown, that taking into account the time lag of one year, budget investments into national economy, excluding direct federal transfers are insufficient in 9 out of 10 cases and their efficiency will grow only with the increase of these expenditures. The assertion about the importance of budget investments for economic development of the country and its regions has been confirmed, that underlines the necessity of greater use of public-private partnership system.

scholarly journals Financial Stability of Regional Budgets in Conditions of Cyclic Development of the Russian Economy. Part 1

2021 ◽  
pp. 123-132
Author(s):  
Tatyana Zhuravleva ◽  
◽  
Elena Semenova ◽  
Olga Goltsova ◽  
◽  
...  
Keyword(s):  
Russian Federation ◽  
National Economy ◽  
Financial Stability ◽  
Federal District ◽  
Scientific Article ◽  
Russian Economy ◽  
Rostov Region ◽  
Regional Budget ◽  
The Russian Federation ◽  
Regional Budgets

This article is devoted to a comparative analysis of the financial stability of the development of regional budgets of certain constituent entities of the Russian Federation – Rostov Region, Republic of Kalmykia and Orel Region in comparison with the dynamic fluctuations of Russia’s economic development over the period 2010–2019. The relevance of the research topic is due to the need to create a methodology for assessing the financial stability of regional budgets of the constituent entities of the Russian Federation. The purpose of this scientific article is to study and test the methodology suggested by the authors for the analysis of financial stability of regional budgets of Russia in the process of cyclical changes in the financial and economic environment of the national economy, as well as to demonstrate its practical application. The regional budgets of such constituent entities of the Russian Federation such as Rostov Region, Republic of Kalmykia, which are part of the Southern Federal District, and Orel Region, which is a constituent entity in the Central Federal District, were selected as the objects of the study. The authors define the subject of research as a system of financial and economic indicators that characterize the implementation of regional budgets of territorial units under analysis in the period 2010–2019. The obtained statistical data for the regions under analysis will be used in the subsequent material for the tests of the suggested methodology. When choosing the criteria for the assessment of the independence of the regional budget, the authors rely on the fundamental budget parameters, including its effectiveness, financial stability and balance of the revenue and expenditure parts of the budget. When analyzing the dynamics of the level of stability of the regional budgets of Rostov region, Republic of Kalmykia and Orel region, it was found that the region with a more developed social and economic infrastructure is more comfortable with cyclical shifts in the national economy (with the least losses, both for further development prospects of the region and for the population living in this territory). For regions where the social and economic situation is deteriorating, economic crises in the country have a multiplier effect, increasing both the gap in comparison with the developed regions of the Russian Federation, and the degree of imbalance of the regional economy and finance.

scholarly journals ANALISIS DAMPAK FASILITAS PEMBIAYAAN DENGAN PRODUK “QARDHUL HASAN UMKM” TERHADAP PENINGKATAN PENDAPATAN USAHA UMKM BINAAN EL-ZAWA UIN MALIKI MALANG

IQTISHODUNA ◽  
2017 ◽  
Vol 13 (1) ◽  
pp. 36-42
Author(s):  
Muhammad Nurul Hamdi ◽  
Latifah Safitri Handayani ◽  
Evi Nurjanah
Keyword(s):  
Economic Growth ◽  
National Economy ◽  
Labour Force ◽  
Economic Recovery ◽  
National Economic ◽  
History Of ◽  
Small Medium Enterprises ◽  
Medium Enterprises ◽  
The Impact

Abstract: Nowadays, stretching the entrepreneurial communitiy is quite dominate in Indonesia. Evident fromhis contributions in the history of the national economy are quite significant in 1998, Small Medium Enterprisescan be seen as the saviour of the valve in the process of national economic recovery, both in pushing the paceof economic growth as well as the absorption of labour. Based on the data of the Ministry of cooperatives andSMEs in 2012, Small Medium Enterprises sector is the sector with the largest economy with a national economicprosentasi the involvement of the offender of 99.99%. The sector absorbs the 97.15% of the labour force inIndonesia, and contributing to GDP on the basis of the applicable rates of 6.23%.The purpose of this study isto examine, test, and evaluate the impact of financing facility with the products’ qardhul hasan small mediumenterprises’ increased revenues against the small medium enterprises assisted el-Zawa Uin Maliki Malang.The population of this research are all Small Medium Enterprises that constitute the built el-Zawa at onceusing a financing facility with dana Qardh al-Hasan is 84. 30 of Small Medium Enterprises such as researchsamples.The results show that Qardhul Hasan SMEC products can increase the income of clients. In addition,the performance of the services provided by the customer is reasonably satisfied by the clients.

An Empirical Analysis of the Impact of Environmental Regulation on China's Manufacturing Industry Innovation Capacity

2014 ◽  
Vol 1010-1012 ◽  
pp. 1989-1992 ◽  
Author(s):  
Yu Lin Wu ◽  
Xue Qian Li ◽  
Mei Ling Liu
Keyword(s):  
Panel Data ◽  
Environmental Regulation ◽  
Empirical Analysis ◽  
Manufacturing Industry ◽  
Time Lag ◽  
Industrial Innovation ◽  
Innovation Capacity ◽  
Chinese Manufacturing Industry ◽  
One Year ◽  
The Impact

In this paper, Chinese manufacturing industry is studied. We use the 2003-2010 panel data to analysis the impact of environmental regulation on the industrial innovation. In three cases of no time lag, one year later and two year later, all empirical results show that: the environmental regulation does not promote our country manufacturing industry to promote industrial innovation capacity.

Analysis of regional fiscal balance

2016 ◽  
pp. 31-48 ◽  
Author(s):  
N. Akindinova ◽  
A. Chernyavsky ◽  
A. Chepel
Keyword(s):  
Budget Deficit ◽  
Budget Balance ◽  
Regional Budget ◽  
Interregional Differentiation ◽  
Fiscal Balance ◽  
Key Indicators ◽  
Regional Budgets ◽  
The Impact ◽  
The Relationship

The authors examine the dynamics of regional budgets performance key indicators, including analysis of “May decrees” implementation effects. Interregional differentiation of budget deficit levels is regarded in details. The article contains estimation of the impact of various factors on regional budget performance, and the analysis of the relationship between budget balance and budget debt.

Possibility of decentralisation during the year of pandemic: what does the analysis of public budgets reveal?

2021 ◽  
Vol 71 (1) ◽  
pp. 46-57
Author(s):  
N.V. Zubarevich
Keyword(s):  
National Economy ◽  
Health Expenditure ◽  
Budget Management ◽  
Federal Support ◽  
Presidential Decree ◽  
Regional Budgets ◽  
Budget System

In the year of the pandemic transfers from the federal to the regional budgets increased by 50 per cent which led to an increase in budget revenues in most regions and made regional budgets more dependent on federal support. The proportion of earmarked transfers (subventions and subsidies) increased, making reassignment of budgetary funds difficult. The regions were forced to spend additional money on designated projects only, which resulted in further centralisation of budget management. The transfer calculation became less transparent, additional transfers were not linked to the decrease in regional budgets’ own revenues. Before the pandemic, «geopolitically» important regions had been prioritised for federal transfers. In 2020 interpretation of transfer distribution became much more difficult due to the lack of coordination between various federal ministries in their transfer calculations. Budget federalism in Russia had been limited to some freedom in choosing expenditure priorities for the regions, but in the year of the pandemic these opportunities dwindled. Health expenditure and social protectionbecame common priorities because a lot of additional transfers were earmarked for these purposes. Other regional priorities differed but most regions subsidised utility tariffs and increased spending on national economy in order to reach targets of the Presidential Decree. Hopes of decentralisation of the Russian budget system during the pandemic did not come true and regional dependence on the federal authorities increased.

The impact of the budget system on the economic growth of extractive regions

2020 ◽  
Author(s):  
Arina V. Toroshchina ◽  
◽  
Irina V. Provornaya ◽  
Keyword(s):  
Economic Growth ◽  
Budget Deficit ◽  
Positive Relationship ◽  
Negative Relationship ◽  
Oil Production ◽  
Tax Revenue ◽  
Minimal Impact ◽  
Regional Budget ◽  
Tax Deductions ◽  
The Impact

It was found that the strongest influence is exerted by such factors as tax profitability and the balance of tax deductions. The minimal impact is exerted by the regional budget deficit. A negative relationship has been established between tax revenue and the balance of tax deductions. A weak positive relationship between the tax burden of the budget and the level of regional budgetary provision was also revealed. A positive relationship was established between the balance of tax deductions and an increase in oil production for 2011–2018, as well as a negative relationship between the first factor (tax return) and an increase in oil production for 2011–2018.

scholarly journals KEBIJAKAN FISKAL DALAM PANDEMI COVID-19 : DAMPAK DAN TANTANGAN PENERIMAAN PAJAK DI KPP WAJIB PAJAK BESAR DUA

Scientax ◽  
2021 ◽  
Vol 2 (2) ◽  
pp. 248-264
Author(s):  
Riyanto ◽  
Nyoman Asri Hapsari Pande Mudara
Keyword(s):  
Income Tax ◽  
Quantitative Method ◽  
Secondary Data ◽  
Economic Recovery ◽  
Tax Revenue ◽  
Domestic Trade ◽  
Fiscal Incentives ◽  
The World ◽  
The Impact ◽  
Economic Capacity

COVID-19 that has hit the world has an impact on the Indonesian economy. Tax revenue at Large Tax Office Two is also affected by the COVID-19 pandemic caused by delays in international and domestic trade. This study aims to determine the magnitude of the impact of the COVID-19 pandemic on tax revenues and the need for fiscal incentives in the context of economic recovery. The method used in this research is a descriptive quantitative method using a secondary data analysis approach. Based on the research results, the impact of the COVID-19 pandemic has caused a significant decrease in tax revenue. Fiscal incentives in the form of income tax Borne by Government need to be expanded and the criteria made easier so that employees get additional economic capacity that employees can use to encourage domestic economic rotation.

scholarly journals Financial Stability of Regional Budgets in Conditions of Cyclic Development of the Russian Economy. Part 2

2021 ◽  
pp. 166-180
Author(s):  
Tatyana Zhuravleva ◽  
◽  
Elena Semenova ◽  
Olga Goltsova ◽  
◽  
...  
Keyword(s):  
Russian Federation ◽  
Financial Stability ◽  
Energy Prices ◽  
Russian Economy ◽  
Rostov Region ◽  
Regional Budget ◽  
The Russian Federation ◽  
The Republic ◽  
Regional Budgets ◽  
The Impact

This article is devoted to financial stability assessment of regional budgets of the constituent entities of the Russian Federation in the conditions of cyclical development of the national economic system. The authors identified the regional budgets of the following regions of the Russian Federation as objects of research: Rostov region, Republic of Kalmykia and Orel region. Financial and economic performance of the administration of budgets of these territorial units for the period 2010–2019, which are reflected in the previous article (Part 1) of the authors, were taken as the subject. The purpose of the article is to reflect the features of the practical application of the methodology presented by the authors for the analysis of changes in the financial stability of regional budgets of specific regions against the background of the impact of external economic forces (decrease in world energy prices, sanctions to Russian companies and entrepreneurs). The relevance of the research topic is connected with the demand for a high-quality and objective financial analysis of the budgets of specific regions of the Russian Federation against the background of the general economic crisis affecting all the main spheres of society, as well as negatively influencing economic and social policy, both at federal and regional levels. When making generalized assessments and conclusions about the dynamics of changes in the level of financial stability of the regional budgets of Rostov region, the Republic of Kalmykia and Orel region, the authors suggested a system of indicators characterizing the budget in the following main areas: budget efficiency, financial stability, as well as the balance of the revenues and expenditures of the regional budget. On the basis of analytical research, the authors found that regions characterized as financially stable have the following features: presence of a highquality and well-functioning process of planning and administration of the regional budget; effective use of the potential of region’s industrial resource base; active investment in projects, both promising, profitable, and socially significant. In the course of the study of regions with a low level of financial independence (the Republic of Kalmykia and Orel region), the authors noted that the consistently worsening economic sphere in the Russian economy leads to an acceleration of the rates of the degradation of social and economic situation of the entire region, thereby reducing financial opportunities of the corresponding budget, what consequently results in the decrease in the quality of life of the population of the regions under analysis.

Tax loss carryforwards: Fiscal implications for regional budgets

2020 ◽  
Vol 23 (3) ◽  
pp. 314-328
Author(s):  
A.A. Anisimova
Keyword(s):  
Fiscal Policy ◽  
Investment Activity ◽  
Econometric Methods ◽  
First Case ◽  
Regional Budget ◽  
Calculation Results ◽  
Tax Loss ◽  
Regional Budgets ◽  
The Impact ◽  
Fiscal Implications

Importance. This article deals with the implications for regional budgets arising from the introduction of tax incentives in terms of damaging the regional budget and attracting investments in the region's economy. Objectives. The article aims to analyze the consequences of applying a benefit of tax loss carryforward for tax revenues of regional budgets. Methods For the study, I used econometric methods and statistics data of 2016. Results. The article presents the results of analysis of fiscal costs for the regions due to tax loss carryforward and shows the calculation results of the impact of the benefit on investment and regional budgets for two scenarios of fiscal policy. Conclusions. The analysis of the two fiscal policy scenarios for regional budgets shows that introducing a restriction on the benefit in the first case would result in economy of the budget, and in the second case, it would result in the losses from the decrease of investment activity.

scholarly journals Do Investor Preferences Drive Corporate Dividend Policy?

2014 ◽  
Vol 39 (1) ◽  
pp. 70-81 ◽  
Author(s):  
Przemysław Konieczka ◽  
Adam Szyszka
Keyword(s):  
Stock Price ◽  
Time Lag ◽  
Payout Policy ◽  
Publicly Traded ◽  
Publicly Traded Companies ◽  
Dividend Policies ◽  
Periodic Fluctuations ◽  
One Year ◽  
The Impact ◽  
Relative Valuation

Abstract This research paper aims at assessing whether managers adapt their dividend policies to the changing preferences of investors, as predicted by the catering theory of dividends. To answer this question, we used an modified approach based on the method proposed by Baker and Wurgler [2004a] in their studies on dividend catering. We noted a systematic decline in percentage of companies that paid out dividends in a sample of American publicly-traded companies, excluding companies of low capitalization and low profitability. Next, we observed a parallel declining tendency in dividend premiums in our sample. The decrease in the readiness to pay out dividends among companies on the American market can be linked to the fact that investors have assigned less weight to dividends over the years, and so in turn they were less willing to reward dividend-paying companies with higher valuations. Periodic fluctuations in investor mood with regard to dividend-paying companies, and the resulting changes in their relative valuation, influence the propensity of managers to pay out dividends. We showed a statistically significant relationship between changes in dividend premiums in one year, and the proportion of companies that paid out dividends in the following year. Additionally, it looks like companies try to compensate shareholders by paying out dividends in years of worse performing market and are less likely to distribute their earnings when shareholders gain on rising stock price. We found a negative correlation between the change in proportion of companies paying out dividends and changes in the S&P500 index. However, this does not seem to reflect investor preferences and taste for dividends. We found no statistically significant correlations between the change of the dividend premium and changes in the S&P500 index and, surprisingly, we observed relatively worse valuation of dividend-paying frms in years of market downturn. In terms of originality, our work contributes to the ongoing dividend puzzle discussion in a number of ways. First, we use a sample of American companies after excluding small capitalization stocks. Second, we assume a time lag between a shift in investor preferences and a change in corporate payout policy. Finally, our studies also account for the impact of general market conditions on dividend decisions.

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