The Features of Federal Support Allocation Among Russian Regions for National Projects Execution
Mikhail V. Milchakov ()
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Mikhail V. Milchakov: Kutafin Moscow State Law University (MSAL), Moscow 125993, Russia
Finansovyj žhurnal — Financial Journal, 2019, issue 3, 22-37
2019 marked the start of an active phase of national projects implementation in Russia. The author uses official quantitative data from open sources to examine the features of federal support allocation among Russian regions for national project execution. The methodology and legal framework of federal transfer allocation for national project accomplishment are analyzed. The research shows that in many aspects the regime of grant financing in national projects has a number of advantages and preferences in comparison with the “standard” schemes and approaches. The author proposes formalized approaches to assess the potential impact of federal financial support for national projects on the regional budgets. The article contains recommendations for implementation of wide-purpose grant for national projects funding based on their consolidation and suggestions for optimization of administrative procedures. The author concludes that the allocation of intergovernmental transfers for national projects among regions in general reflects the fiscal capacities of regions and meets the differentiation in budget costs among them. At the same time, some regions increased the revenue base on a larger scale due to the implementation of national projects. On the other hand, it is possible to determine a group of regions with the deficit of current federal aid and preconditions for additional support.
Keywords: intergovernmental fiscal relations; intergovernmental transfers; national projects; general grants; block grants; federal budget; budgets of Russian regions (search for similar items in EconPapers)
JEL-codes: H61 H72 H77 R58 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:fru:finjrn:190302:p:22-37
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