+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
Finance and Credit
 

Inter-budget transfers as a tool of local budgets' balance regulation

Vol. 21, Iss. 9, MARCH 2015

PDF  Article PDF Version

Available online: 28 February 2015

Subject Heading: Budgetary policy

JEL Classification: 

Pages: 28-36

Levina V.V. Tula State University, Tula, Russian Federation
vvl2004@mail.ru

In conditions of centralization of the budget system of the Russian Federation, inter-budget transfers play a special role in municipal budgets' formation. Given the significant socio-economic differences of territories, the fiscal capacity leveling seems to be mandatory at the regional and municipal levels. It is particularly relevant to use the mechanisms of inter-budget control that are aimed at local budgets' balance. The objective of the article is to develop the methods of subsidies allocation to ensure the balance of budgets of settlements, which are based on improving the efficiency of budgetary funds utilization. The article bases on scientific principles of the system-structural and structural-functional analysis. While studying the specific features of inter-budget relations at the regional and municipal levels, the author applied comparative benchmarking and dialectical methods, which, when applied in combination, enable to emphasize general and specific features of distribution of transfers that serve to ensure the balance of local budgets. The article analyzes the existing approaches to local budgets' balance regulation with the help of inter-budget transfers. The author developed a unique technique of subsidies allocation to ensure the balance of budgets of settlements, which is focused on improving the efficiency of respective budget expenditures. The technique provides for reducing costs of managing the balance of local budgets on a long-term horizon due to changes in the mechanism of subsidy distribution to local budgets. This technique also enables to diversify the distribution of subsidies to ensure the balance of local budgets, taking into account the causes of their imbalance. This is aimed to improve the efficiency of using budget funds in a municipality.

Keywords: budget, inter-budget relationships, transfers, subsidies

References:

  1. Baklaeva N.M. Problemy sovershenstvovaniya mezhbyudzhetnogo regulirovaniya na territorial'nom urovne [Problems of improving inter-budgetary regulation at the territory level]. Regional'naya ekonomika: teoriya i praktika = Regional economics: theory and practice, 2012, no. 25, pp. 32–40.
  2. Bevzyuk V.V. Problemy sbalansirovannosti territorial'nykh byudzhetov na sovremennom etape realizatsii byudzhetnoi reformy [Problems of territorial budgets’ balance at the present stage of the budget reform implementation]. Finansovye issledovaniya = Financial research, 2012, no. 1, pp. 89–96.
  3. Goreglyad V.P. Byudzhet kak finansovyi regulyator ekonomicheskogo razvitiya [The budget as a financial regulator of economic development]. Moscow, Ekonomika Publ., 2002, 229 p.
  4. Zav'yalov D.Yu. Potentsial mezhbyudzhetnogo regulirovaniya kak instrumenta byudzhetnoi politiki [The potential of inter-budgetary control as a tool of the fiscal policy]. Finansy = Finance, 2008, no. 3, pp. 11–14.
  5. Igudin A.G. K mezhbyudzhetnym otnosheniyam v sub"ektakh federatsii [Towards inter-budgetary relations in the subjects of the Federation]. Finansy = Finance, 2004, no. 7, pp. 7–10.
  6. Kadochnikov P., Sinel'nikov-Murylev S., Trunin I. Problema modelirovaniya vozdeistviya mezhbyudzhetnykh transfertov na fiskal'noe povedenie subnatsional'nykh vlastei [Problem of modeling the impact of inter-budgetary transfers on the fiscal behavior of sub-national authorities]. Voprosy Economiki, 2002, no. 5, pp. 103–113.
  7. Karchevskaya S.A. Razvitie finansovoi samostoyatel'nosti mestnogo samoupravleniya na sovremennom etape [Developing financial independence of local governments at the present stage]. Finansy = Finance, 2009, no. 8, pp. 15–22.
  8. Caiden N. Gosudarstvennoe byudzhetirovanie v neopredelennoi i nestabil'noi srede. Klassiki teorii gosudarstvennogo upravleniya: amerikanskaya shkola [Public Budgeting Amidst Uncertainty and Instability. In: Classics of the public administration theory: the American school]. Moscow, MSU Publ., 2003, pp. 536–552.
  9. Klimanov V.V. Ob osnovnykh instrumentakh regional'noi politiki [On the basic instruments of the regional policy]. Zhurnal Novoi ekonomicheskoi assotsiatsii = Journal of New Economic Association, 2011, no. 10, pp. 161–163.
  10. Klimanov V.V., Mikhailova A.A. Strategii na regional'nom i munitsipal'nom urovne [Strategies at the regional and municipal level]. Finansy = Finance, 2011, no. 2, pp. 9–14.
  11. Kosinenko E.V. O povyshenii byudzhetnoi obespechennosti mestnykh byudzhetov [Increasing the fiscal capacity of local budgets]. Finansy = Finance, 2013, no. 8, pp. 21–22.
  12. Levina V.V. O vyravnivanii byudzhetnoi obespechennosti na regional'nom urovne [Levelling the fiscal capacity at the regional level]. Finansy = Finance, 2011, no. 10, pp. 10–14.
  13. Levina V.V. Strategicheskoe upravlenie mezhbyudzhetnymi transfertami na regional'nom urovne [Strategic management of inter-budget transfers at the regional level]. Regional'naya ekonomika: teoriya i praktika = Regional economics: theory and practice, 2007, no. 17, pp. 61–67.
  14. Mudrova N.V. Aktual'nye problemy formirovaniya dokhodov mestnykh byudzhetov [Contemporary issues of local budgets’ revenue generation]. Finansy = Finance, 2014, no. 3, pp. 25–30.
  15. Pronina L.I. Mestnoe samoupravlenie i mezhbyudzhetnye otnosheniya [Local government and inter-budget relations]. Finansy = Finance, 2003, no. 8, pp. 10–14.
  16. Pronina L.I. Ob ukreplenii finansovoi bazy mestnykh byudzhetov [Strengthening the financial base of local budgets]. Finansy = Finance, 2009, no. 5, pp. 26–29.
  17. Rodionova V.M. O byudzhetnoi politike i mezhbyudzhetnykh otnosheniyakh v sub"ektakh RF [The fiscal policy and the intergovernmental fiscal relations in the subjects of the Russian Federation]. Finansy = Finance, 2008, no. 7, pp. 67–74.
  18. Siluanov A.G. Otsenka raskhodnykh potrebnostei subnatsional'nykh byudzhetov v tselyakh byudzhetnogo vyravnivaniya [Assessing the expenditure needs of sub-national budgets for budget leveling purposes]. Finansy = Finance, 2011, no. 6, pp. 3–8.
  19. Siluanov A.G. Tuchnye gody ostalis' v proshlom, segodnya nam nuzhno povyshat' kachestvo raboty s raskhodami [Fat years are in the past; today we need to improve the quality of expenditure]. Finansy = Finance, 2014, no. 1, pp. 3–5.
  20. Simonova O.V. Mezhbyudzhetnye otnosheniya: problemy i puti sovershenstvovaniya [Inter-budget relations: problems and ways of improving]. Gumanitarnye, sotsial'no-ekonomicheskie i obshchestvennye nauki = Humanities, Social-economic and Social Sciences, 2014, no. 2, pp. 327–329.
  21. Tatarkin A.I. Dialektika gosudarstvennogo i rynochnogo regulirovaniya sotsial'no-ekonomicheskogo razvitiya regionov i munitsipalitetov [The dialectics of State and market regulation of socio-economic development of regions and municipalities]. Ekonomika regiona = The Region's Economy, 2014, no. 1, pp. 9–33.
  22. Shvetsov A.N. Sostoyanie i perspektivy programmnogo podkhoda v regional'noi politike [Status and prospects of the program approach in the regional policy]. Federalizm = Federalism, 2009, no. 4, pp. 41–50.

View all articles of issue

 

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

Journal current issue

Vol. 30, Iss. 3
March 2024

Archive