Russian sub-federal budget policies: why do we observe the divergence here?

Е. Kolomak
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Е. Kolomak: Institute for Economics and Mass Goods Production, Siberian Division, Russian Academy of Sciences

Journal of Modern Competition, 2008, issue 3, 35-43

Abstract: It is necessary to keep the balance in different regions' economic development and integrate the territories into the single national economic policy implemented within the Russian territory in order to maintain the sustainable development trend. It is impossible to fulfill the task unless the interregional economic development gap is bridged. The harmonization of the different regions' taxation and financial profiles is one of the key factors that could bridge the interregional economic development gap and establish a balance in the national macroeconomic development. The strategic planning issues are on the currently operating policy-makers' agenda. The regional development concept should be based on the deep objective analysis of the consequences the policy makers' decisions used to lead to. The article author presents the findings of the research into the growing 'vertical orientation' trend the Russian national budget policy has got now.

Date: 2008
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