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Finance and Credit
 

Analysis of regional economic crisis and regional fiscal policy formation

Vol. 25, Iss. 12, DECEMBER 2019

Received: 14 March 2016

Received in revised form: 13 April 2016

Accepted: 23 November 2016

Available online: 25 December 2019

Subject Heading: FISCAL SYSTEM

JEL Classification: H12, H72

Pages: 2762–2785

https://doi.org/10.24891/fc.25.12.2762

Zagarskikh V.V. Kirov IPKR of the FPS of Russia, Kirov, Russian Federation
veravyatka@rambler.ru

ORCID id: not available

Subject The article addresses the methodology for economic crisis research and regional fiscal policy formation to meet the requirements of economic security within the national strategy of economic reforms.
Objectives The main purpose of the study is to examine the economic security in the context of indicators characterizing the fiscal security of the region.
Methods The methodological basis of the research is basic principles of systems approach to the study of socio-economic processes, methods for assessing the economic security of regions, including the monitoring of key macroeconomic indicators and their comparison with threshold values, methods of socio-economic data processing.
Results Based on the interpretation of economic security of the region, a regional economic crisis is likely to endanger the national economic security. Under the general downward trend in reducing the role of the federal government in economic processes of the Russian Federation, the regional system of economic security acts as a basis for economic integration and, therefore, for ensuring the national economic security.
Conclusions and Relevance The proposed indicators of fiscal security of the region, as well as their threshold values may be helpful for forecasts of socio-economic development of the region and budgetary estimates of the subjects of the Russian Federation. The analysis of financial support to regions can be used by executive authorities to ensure a stable, sustainable, and progressive development of the economy and society.

Keywords: economic security, fiscal security, fiscal policy, typology of regions, fiscal capacity

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