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Finance and Credit
 

Evaluation of financial provisions of budget independence of municipal entities of a region

Vol. 15, Iss. 2, JANUARY 2009

Available online: 20 August 2009

Subject Heading: Budget policy

JEL Classification: 

Serbulov A.V. PhD, professor of the Department of Economic Analysis and Audit Non-profit Educational Institution of Higher Professional Education Baltic Institute of Economics and Finance

Gladun V.V chief of Economic Planning Department of Commercial Bank Baltcredobank ;

The main task of the current budget regulation policy is equalization of the baseline budget independence. Equalization of the budget independence is performed at the expense of covering the difference between budget expenses of each territory calculated based on financial ratios and evaluation of territory’s profitability. The main instrument of such policy is subsidies to local budgets. Problem areas of Kaliningrad region initially had ad-hoc specialization, agricultural in most cases. This determined their dependence on the metropolis in the contemporary economic context.

Keywords: finance, budget, evaluation, ratio, subsidy

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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