Nigmatullin I.G.National Assembly of Kurultai of Bashkortostan Republic, Russian Presidential Academy of National Economy and Public Administration, Ufa, Republic of Bashkortostan, Russian Federation nigmatullin.ireck@yandex.ru
Importance The State financial policy is a special area of financial science and it reflects the changes in the financial resources, the level of allocation and utilization for the implementation of the State's functions that particularly, became urgent lately, taking into account the negative impact of the world economy. There are different views and approaches to the formation of the State (national), regional financial policies in the Russian and foreign science. With the consideration of this, I have considered several publications of the Russian scientists, which reflect the scientific school in the field of finance. Objectives The aim of my paper is to attempt to determine the Republic of Bashkortostan financial policy priorities as one of the constituent territories of the Russian Federation. Within the scope of the study, I have defined the objectives: identify the structural elements of the State financial policy of the Republic of Bashkortostan; determine the priority directions of the State financial policy and the relationship with the economic cycles (development) at the present stage; develop the proposals to improve the regional financial policy of the Republic of Bashkortostan. Methods With the help of the methods of statistical survey, structuring and systematization, qualitative and quantitative analysis of the fiscal sector, and the investment policy, I have conducted the research of the public financial policy of the Republic of Bashkortostan within the period of 2009-2013. Based on this goal, I have obtained the following results: made structuring of the regional financial policy of the Republic of Bashkortostan; carried out an analysis of fiscal policy of the region and identified the strategic priorities; provided the comprehensive assessment of the investment policy status in the region and identified the proposals to enhance the investment attractiveness; developed the recommendations for improving the State financial policy in the Republic of Bashkortostan. Results I came to a conclusion that the conditions of financial instability require the improvement and adjustment of the strategic priorities of the State financial policy. Conclusions and Relevance The strategic priorities of the State financial policy should be aimed at developing the effective measures and the effectiveness of its implementation for a long-run period.
Keywords: State, region, fiscal policy, investment policy, Republic of Bashkortostan
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