Methodical approach of analysis of regional and local budgets: content and application on the example of Novosibirsk oblast

Abstract
The goal of the study is the elaboration of the methodical approach to the justification and evaluation of principles and criteria to strengthen fiscal capacities of municipalities within the sub-federal fiscal policy. The study used a system approach, comparative and regression analysis. When solving the problems set out in the study economic and mathematical, statistical, balance methods were involved and specified in the methods of analysis of the structure and stability of the budget and assessment of the impact of fiscal policy on the economic development of the regions and municipalities. Complex calculations performed using data from the Novosibirsk oblast has revealed features of revenue formation of the local budgets and allowed to assess the impact of fiscal policy of the higher levels of government on incentives for economic development of the territories. Grouping of the municipal settlements of the Novosibirsk oblast according to the specific gravity of different categories of revenues was implemented. Furthermore, structuring of the municipalities of the Novosibirsk oblast in terms of their solvency was performed in both statics and dynamics. The results of the research can be used in studying the possibilities for improvement of the fiscal policy in the direction of alignment and incentives of municipalities to strengthen their own revenue base. The methodical approach to the study of the influence of the sub-federal fiscal policy on territorial development made it possible to characterize the inter-governmental fiscal relations at the subnational level in terms of overcoming the asymmetry in the budgetary provision of municipal settlements, as well as detect the presence of incentives for the municipalities of the Novosibirsk oblast to increase revenues collected in the region.

Keywords
local self-government, local budget, tax and non-tax revenues of the local budget, equalization of budgetary provision’s differentiation, sub-federal budget policy



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