Соломко М. Н

The paper is devoted to some aspects of regional budget sustainability. The analysis is based on data of revenues of regional budgets of the Far-Eastern federal district. Under the review of approaches to analyzing of budget sustainability we found significant variety of definitions and methods of budget sustainability estimation. The consequence of this diversity is a mismatch of results of scientific researches. We calculated the coefficient of elasticity of tax and non-tax revenues by gross regional product in order to assess the level revenues sensitivity to changes in economic situation. Then we analyzed the dynamics of budget revenues and estimated the scale of fluctuation. The analysis showed that the budget revenues of the territories of the Far-Eastern federal district are mostly characterized by the low level of sensitivity to national trends in the economic development. The degree of their sensitivity to changes in the economic situation in the region is evaluated as high for the Republic of Sakha (Yakutia), the Kamchatka territory and the Sakhalin region. These regions differ significantly in the share of intergovernmental transfers in the income structure, which confirms the absence of direct link between the dependence of the budget on the budget regulation measures and the sensitivity of its revenues to changes in the economic situation. According to the second criterion, the highest risk of reducing sustainability is typical for the Sakhalin region and the Chukotka autonomous region. We share the opinion that complex economic development remains the most important measure for providing of budget sustainability. The results of the study can be used in the educational sphere and become a basis of further investigation devoted to the budget sustainability.

Budget regulation is one of the main parts of state regulation of the economic and social development. Theoretical aspects of budget regulation and the prospective of its mechanism development still remain as the actual scientific issues. The study aims to summarize the theoretical and methodological approaches to the essence of budget regulation. According to the contemporary scientific concepts spatial structure and the sectors of national economy are the main objects of budget regulation. We conclude that the main recommendation for budget regulations’ development relate to achievement the balance of decentralization and financial support of the state and municipal entities characterized by the law level of economic potential. The main proposals for improvement of the budget regulation of national economy concern with the development of institutions, financial support of innovation and limiting of the state control of markets. On the author’s view the risk oriented approach to the budget regulation should become one of the major directions of its improvement. Development of the concept and practical recommendation of the risk oriented mechanism of budget regulation allows achieving the balance of economic interests of the state, state and municipal entities and firms. It may also provide economy of the budgetary funds thanks to the targeted intervention in the spheres need in support. Development of the budget mechanism influenced on both spatial structure and the sectors of national economy still remains as important direction. The results of the study can be used in the educational sphere and become a basis of further investigation devoted to the public finance and state regulation of national economy.