Content №2 от 2018
Interlevel Financial Flows in the Budgetary System of the Russian Federation
The article examines direct and reverse financialflows between the regions and the government. It considers objectives of regional and budgetary policies and discusses methodical problems of estimating the size offinancial flows and their interchangeability. We share a view that donor regions and recipient regions should be defined by balance surplus or deficit on all interlevel financial flows, not only based on gratuitous receipts or transfers from the federal budget. This approach makes it possible to eliminate partly the changes in budget legislation as related to allocating financial assistance to the regions. A comparison of the 1996-1998 and present studies shows that the number of donor regions has slightly increased over the period of review. We prove that the consolidation of public finances in Russia has not resulted in a significant decrease in differentiating the levels of regional development. The article reveals a trend: inter-budgetary transfers are partially replaced by direct expenses paid from the federal budget.
