Davydova A.A.Saint-Petersburg University of State Fire Service of EMERCOM of Russia, St. Petersburg, Russian Federation naukaame@mail.ru
Importance The Russian regions undergo their economic development, having their own specifics and requiring certain support from the State to ensure the economic security under the current circumstances. Objectives The research reviews the role and significance of the State aid programs for developing the existing production sectors so to ensure the economic security of the region. Methods Relying upon statistical data of the Local Office of the Federal State Statistics Service, I analyzed how principal socio-economic indicators of the Magadan oblast changed starting from the onset of economic reforms. Results I evaluated the governmental programs for supporting the region's sectors, their effect on principal indicators describing the economic development of areas. Conclusions and Relevance Considering the unilateral formation of the Russian North's economy, governmental guarantees represent the most effective form of supporting the living conditions of the Northern population.
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