scholarly journals Innovations in the construction of the regional budget as a condition for the financial stability of the region during the fight against the pandemic

2020 ◽  
Author(s):  
Liudmila Viktorovna Bogoslavtseva ◽  
Oksana Iurevna Bogdanova
Keyword(s):  
Financial Stability ◽  
Regional Budget

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.

Russian government hopes to rein in regional debt

2017 ◽  
Keyword(s):  
Financial Management ◽  
Financial Stability ◽  
Central Government ◽  
Regional Level ◽  
Bank Loans ◽  
Budget Deficits ◽  
Russian Government ◽  
Content Type ◽  
High Interest ◽  
Regional Budget

Significance A growing number of regions face insolvency, threatening national financial stability and requiring immediate solutions from central government. Regional indebtedness has spiralled as high-interest bank loans have been used to finance budget deficits. As Golikova noted, the devolution of funding obligations to regional level without additional resources is a major contributing factor. Impacts Persistent regional budget deficits must call into question the logic and viability of current uneven territorial divisions. Financial management requires comprehensive and stable rules delineating federal and regional governments' powers and responsibilities. Redistribution of income from donor regions to poor performers will cause tensions.

scholarly journals Implementation of The Local Budget Social Assistance Policy for Disability In Tangerang Selatan

2021 ◽  
Vol 10 (1) ◽  
pp. 139
Author(s):  
Lisa Amilia ◽  
Retnowati WD Tuti
Keyword(s):  
Financial Stability ◽  
Poverty Reduction ◽  
Negative Impact ◽  
Social Assistance ◽  
Qualitative Approach ◽  
City Government ◽  
Persons With Disabilities ◽  
Regional Budget ◽  
Physical Functions ◽  
Local Budget

Social assistance is one of the poverty reduction programs carried out by the South Tangerang City Government. Poverty is defined as a condition of the inability of income to meet basic needs so that it is not able to guarantee survival. South Tangerang City has received the spill over effect of various economic impacts. Persons with disabilities have a low level of welfare. The low welfare is partly because they have limited physical functions and often have negative emotional experiences due to their physical limitations. Limited physical functions make it difficult for persons with disabilities to access work because they are considered less productive. This has a negative impact on persons with disabilities such as losing their role, independence, status, and financial stability. The purpose of this study is to analyze the implementation of regional budget social assistance policies for disabilities in South Tangerang. And to find out the supporting factors and inhibiting factors. This research method uses a qualitative approach with descriptive methods. qualitative approach, using the Theory of Policy Implementation according to Edward III. The results of this study indicate that the implementation of the Regional Budget Social Assistance Policy for Disabilities in South Tangerang has not been going well, it is based on poor communication from the implementor to the community, in terms of both human and financial resources are still lacking. Likewise, the supporting facilities in implementing social assistance for disabilities. And most importantly.

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.

Macroprudential Policy Instruments of Central Banks

2012 ◽  
pp. 32-47
Author(s):  
S. Andryushin ◽  
V. Kuznetsova
Keyword(s):  
Systemic Risk ◽  
Financial Stability ◽  
Financial System ◽  
Policy Instruments ◽  
Central Banks ◽  
Macroprudential Policy ◽  
Policy Studies ◽  
The Future ◽  
Financial Cycles

The paper analyzes central banks macroprudencial policy and its instruments. The issues of their classification, option, design and adjustment are connected with financial stability of overall financial system and its specific institutions. The macroprudencial instruments effectiveness is evaluated from the two points: how they mitigate temporal and intersectoral systemic risk development (market, credit, and operational). The future macroprudentional policy studies directions are noted to identify the instruments, which can be used to limit the financial systemdevelopment procyclicality, mitigate the credit and financial cycles volatility.

The “dividend puzzle” and the Russian stock market. Part 1

2020 ◽  
pp. 66-92 ◽  
Author(s):  
A. E. Abramov ◽  
A. D. Radygin ◽  
M. I. Chernova ◽  
R. M. Entov
Keyword(s):  
Stock Market ◽  
Financial Stability ◽  
Dividend Policy ◽  
General Context ◽  
Steady Increase ◽  
Main Research ◽  
For Profit ◽  
Dividend Payments ◽  
Stock Market Performance ◽  
Dividend Irrelevance

This article analyzes the key patterns of the dividend policy and the problem of the “dividend puzzle” in the general context of the development of the stock market in Russia. The article consists of two parts.In the first part we summarize main research trends of dividend policy in modern economic theory (the classical Modigliani—Miller theory of dividend irrelevance, agent and signal hypotheses, the smoothing model, the catering theory, etc.). We emphasize the theoretical analysis of motivation of the largest Russian companies for profit allocation and dividend payout, based on a sample of 236 joint stock companies. Since 2012, a steady increase in dividend payments has been revealed in both private and state-owned enterprises (SOEs). The bulk of dividend payments from SOEs accounts for only 12 major companies. Along with an increase in the market value, dividends have become an important factor in the total return on shares. Under current conditions, the probability of paying dividends depends not only on the size of the company and indicators of its’ financial stability, but also on the presence of the state in the capital of companies. However, the relationship between the probability of paying dividends and state participation in the ownership structure is not universal and can be explained by specific factors that go beyond the classical dividend theories.In the second part we will analyze the patterns of stock market performance and dividend policy of the largest Russian companies, motivation for dividend payouts and special aspects of SOEs policy.

MECHANISM OF MANAGING FINANCIAL STABILITY OF BANKS

2018 ◽  
Author(s):  
L.I. Lachkova ◽  
A.O. Borysova ◽  
V.M. Lachkova
Keyword(s):  
Financial Stability
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