Subject. The article explores indicators for budget risk management in the subjects of the Russian Federation. Objectives. The aim is to develop a system of indicators to assess the quality of budget risk management, to create a methodology for quality management assessment and test it on the case of 85 subjects, to build a rating for the quality of budget risk management in 2020. Methods. The study rests on creating a model for assessing the quality of budget risk management on the basis of 18 mathematical and statistical criteria and their testing on budget data from 85 federal subjects for 2020, and the deductive approach. Results. I formulated and justified indicators of analysis that demonstrate the level of readiness of the budget of Russian subjects to accept budget risks. The proposed indicators are logically structured into groups and detailed by data source for evaluation. The system of indicators is incorporated into the existing methodology created by the Ministry of Finance of the Russian Federation. The results of the analysis are presented as a rating of subjects of the Russian Federation based on the aggregate assessment of the quality of budget risk management. Conclusions. The offered methodology may serve as a supplement to the methodology for assessing the quality of regional finance management created by the Ministry of Finance of the Russian Federation. It may also help evaluate decisions on proactive risk management and mitigation of consequences of risk events in regional budget utilization.
Galukhin A.V., Uskova T.V. [Improving the system of management of risks of the income base of regions’ consolidated budgets]. Ekonomicheskie i sotsial'nye peremeny: fakty, tendentsii, prognoz = Economic and Social Changes: Facts, Trends, Forecast, 2016, no. 6, pp. 162–179. URL: Link (In Russ.)
Gorokhova D.V. [Budget risk management of the subjects of the Russian Federation: Modern view and development prospects]. Nauchno-issledovatel'skii finansovyi institut. Finansovyi zhurnal = Financial Research Institute. Financial Journal, 2013, no. 3, pp. 55–62. (In Russ.) URL: Link
Bogomolov S.V., Popandopulo I.D. [Risk assessment methodology for budget expenditures using the example of the Nizhny Novgorod Region]. Regional'naya ekonomika i upravlenie = Regional Economy and Management, 2018, no. 4. (In Russ.) URL: Link
Tkacheva T.Yu., Afanas'eva L.V., Belousova S.N. [Budget risk management at the regional level with the use of economic-mathematical methods of assessment]. Nauchno-metodicheskii elektronnyi zhurnal Kontsept, 2014, vol. 20, pp. 981–985. (In Russ.) URL: Link
Pazdnikova N.P. [Consolidated the express train-assessment of budgetary risks of region]. Naukovedenie, 2015, vol. 7, no. 3. (In Russ.) URL: Link
Gorlova O.S. [Budget risk management: Improvement of the organizational, legal and methodological framework]. Ekonomika. Nalogi. Pravo = Economics. Taxes. Law, 2017, vol. 10, no. 6, pp. 46–53. URL: Link (In Russ.)
Matveeva E.E. [Applying a Risk-Based Approach in the Sphere of State Financial Control]. Ekonomicheskii zhurnal, 2018, no. 1, pp. 41–56. URL: Link (In Russ.)
Ivanova O.B., Papushenko M.V. [Development of the system of internal financial control in the subjects of the Russian Federation]. Finansovye issledovaniya, 2015, no. 3, pp. 98–106. URL: Link (In Russ.)
Simaeva N.P., Kitanova A.I. [Perspective possibilities of budget risk management of the subject of the Russian Federation (on the case of the Volgograd Oblast)]. Tavricheskii nauchnyi obozrevatel', 2016, no. 9, pp. 77–82. URL: Link (In Russ.)
Gamukin V.V. [Methods to analyze budget risks]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2015, no. 24, pp. 33–42. URL: Link (In Russ.)
Gorokhova D.V. [Budget risk management of the subjects of the Russian Federation: Modern view and development prospects]. Finansovyi zhurnal = Financial Journal, 2013, no. 3, pp. 55–62. URL: Link (In Russ.)
Korobko S.A. [Control System of Risks of Budgetary Process of the Subject of the Russian Federation]. TERRA ECONOMICUS, 2012, vol. 10, no. 3-3, pp. 54–58. URL: Link (In Russ.)
