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Methods to analyze grants to ensure the balance of local budgets: Evidence from the budget system of the Komi Republic

Timushev E.N. Institute of Socio-Economic and Energy Problems of the North, Komi Science Centre, Ural Branch of Russian Academy of Sciences, Syktyvkar, Russian Federation ( timushev@iespn.komisc.ru )

Journal: Economic Analysis: Theory and Practice, #5, 2017

Subject The article discusses problems of unbalanced local budgets of the Russian budget system.
Objectives The aim is to propose methods to analyze allocation of general purpose discretionary grants to local budgets within the budget system of a subject of the Russian Federation in the context of the problem of soft budget constraints.
Methods In the study, I reviewed relevant literature and legal framework, applied general scientific methods, correlation and regression analysis under the ordinary least squares technique, tested the quality of revealed relationship, calculated standardized ratios of regression.
Results I developed a methodology to test the softness of budget constraints at the level of local budgets. For the budget system of the Komi Republic, the paper confirms two types of factors influencing the parameters of general purpose discretionary grants to local budgets. They are the external shock in the parameters of distribution of expenditure obligations and dynamics of local investment.
Conclusions and Relevance The proposed methods are applicable to test the hypotheses about the relationship of volumes of discretionary grants and transfers and economic activity in the territory of spending units. Empirical studies are important for assessing the current system of distribution of expenditure obligations within the budget system of the Russian Federation.


Non-earmarked intergovernmental equalization transfers: Complete equalization or proportional reduction of gaps? Theory and evidence from the budgetary system of the Komi Republic

Timushev E.N. Institute of Socio-Economic and Energy Problems of the North, Komi Science Center, Ural Branch of Russian Academy of Sciences, Syktyvkar, Komi Republic, Russian Federation ( evgeny_timushev@mail.ru )

Journal: Economic Analysis: Theory and Practice, #8, 2018

Importance The article addresses the methodology for distribution of non-earmarked equalization transfers in the inter-budgetary relations of a multilevel budget system.
Objectives The aim is to formulate conclusions on preferred alignment mechanism with regard to a choice between a methodology with absolute equalization of fiscal capacity and a proportional methodology.
Methods During the study, I reviewed literature and normative base, applied general scientific methods, and elements of higher mathematics.
Results The paper proves that the method of distributing the non-earmarked equalization transfers with absolute equalization of specific income of the least secured budgets is technically complex; it contradicts the concept of fiscal capacity leveling, implies factors of subsidy allocation that indirectly relate to the tasks of alignment, and has properties, which are evaluated as disadvantages by the theory of inter-budget alignment. The alternative is a proportional method. The calculated distribution of grants under the offered variant of the proportional method, using the budget system data of the Komi Republic showed an increase in the budget security and related specific subsidies of the least secured budgets, and, at the same time, a reduction in the final levels of budget security of leader budgets.
Conclusions The proportional method is able to solve alignment problems, observes the principle of growth of grants for the least secured budgets and restrictions imposed by the budget legislation of the Russian Federation.


Tax revenues of local budgets and their distribution: Evidence from the Komi Republic

Timushev E.N. Institute of Social, Economic and Power Problems of the North, Komi Science Center, Ural Branch of Russian Academy of Sciences, Syktyvkar, Komi Republic, Russian Federation ( timushev@iespn.komisc.ru )

Journal: Finance and Credit, #17, 2016

Subject The article presents a method to analyze the distribution of revenues from personal income tax (PIT) in the budgetary system of Russia. The method is applied to review the distribution specifics on the case of the budgetary system of the Komi Republic. Income tax is important for local budgets; however, there is a recent trend in reducing tax revenues, growing centralization and losing independence by local budgets.
Objectives The study aims to unveil the features of revenue distribution from the PIT in the budgetary system of the Komi Republic.
Methods The analysis rests on mathematical calculation of ratios. The study also employs methods of collection, calculation, interpretation, and comparison of absolute and relative indexes.
Results There was an increase in the PIT distribution ratio, which resulted in redistribution of tax revenues in favor of the republican budget of the Komi Republic. The changes in the differentiated distribution ratio for local budgets increased the share of revenues of districts. In general, the reallocation of funds was at the expense of revenues from the PIT in city budgets. The findings show that changes in the single distribution ratio have a greater impact on city budgets (negative), while changes in differentiated distribution ratio influence mainly the districts’ budgets (positively in this case).
Conclusions The study confirms the thesis about centralization of budget funds in the budgetary system of the Komi Republic, and offers measures to align the conditions of local budgets aimed at increasing the efficiency of expenditures.


Features of determination of tax revenues to the Republican budget of the Komi Republic

Timushev E.N. Institute of Socio-Economic and Energy Problems of North of Komi Scientific Centre of Ural Branch of RAS, Syktyvkar, Komi Republic, Russian Federation ( evgeny_timushev@mail.ru )

Journal: Regional Economics: Theory and Practice, #21, 2015

Importance The article considers the issues of formation of the revenue part of budgets of all levels. This is becoming a priority in relation to the economic growth deceleration and a sharp rise in social spending after the May edicts of the President of the Russian Federation. The article shows the peculiarities of tax revenue, accumulated in the Komi Republic.
     Objectives The purpose of the article is to identify features of the tax revenues of the budget of the Komi Republic.
     Methods For the study, I used methods of collection, calculation and interpretation of the absolute and relative indices characterizing the state of the tax field and regional economy, as well as the methods of grouping items of income, matching them in dynamics, and tabular data representation.
     Results I show that the volume of tax revenues of the Republican budget depends on the total amount of tax revenue of the budget system of the Russian Federation, its structure and the prescribed limits of distribution. I also determined that the total tax revenue, accumulated in the Republic, is affected by the general economic situation in the region and the country and the conditions of the world market prices for exported goods. I found that the specificity of the northern region and the need for financing the increased costs pose risks to the financial sustainability of the budget.
     Conclusions and Relevance My study confirms that as the basis for the financing of the budget of the Komi Republic are financial resources, which, to a large extent, do not depend on decisions of the region's authorities, but some other factors beyond their control. The results of the research can be used in the analysis of regional and federal authorities as a basis for scientific debate.


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