Budget Balance and Government Debt As Indicators of Region’s Financial and Budgetary Security

Leyla B. Mokhnatkina ()
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Leyla B. Mokhnatkina: Orenburg State University, Orenburg 460018, Russia

Finansovyj žhurnal — Financial Journal, 2018, issue 2, 106-119

Abstract: The article is focused on financial and budgetary aspect of regional economic security. The author considers a concept of budget balance in a broad and narrow sense and determines its quantitative and qualitative characteristics. An approach to the structuring of public debt, which helps to assess the impact of market and non-market debt obligations on the balance of regional budgets, has been implemented. The author critically evaluates approaches to normalization of the budget deficit and public debt implemented in the Russian budget legislation. There is also an analysis of the dynamics of regional budgets’ balance in relation to the dynamics of public debt by the example of indicators of the Russian Federation and Orenburg region. At the end of the article the author draws the conclusions concerning the account of short-term and long-term economic effects on the debt policy of the subject of the Russian Federation and formulates a more reasonable use of the budget balance indicator as an indicator of financial and budgetary security of the regions.

Keywords: balanced budget; indicators; threshold values; financial and budgetary security; budget deficit; debt; public debt; debt policy; revenue and expenditure of budgets (search for similar items in EconPapers)
JEL-codes: E62 H61 H62 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:fru:finjrn:180209:p:106-119

DOI: 10.31107/2075-1990-2018-2-106-119

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