EVALUATION OF THE EFFECTIVENESS OF REGIONAL DEVELOPMENT IN THE RUSSIAN ECONOMY

Abstract

Russia is characterized by sharp differences between regions in terms of their level of socio-economic development. Evaluation of the effectiveness of regional development is an important element of regional management, carried out in order to achieve the goals of regional development. Currently, there is no unified methodology for assessing the development of regions; the available methodological tools differ in significant diversity. The most important problem for Russian regions is the need to equalize their socio - economic development. Purpose of the study: using the example of the development of the regions of the Volga Federal District to identify problematic issues of the regions, to outline their ways of solving. The study used methods common in economics: analysis, synthesis, comparison, grouping, generalization, statistical, tabular, etc. The study is based on official statistical data, which ensures the reliability of the data used and the conclusions drawn from them. The study obtained the following results: the effectiveness of regional development is influenced by the current fiscal and budgetary mechanism in the country. Due to the lack of funds, many subjects cannot solve social issues due to the unfair distribution of tax revenues between the budgets. In 2019, compared to 2010, there were no changes in the ranking of the VFD regions in the ranking, dividing them into donor regions and recipient regions. Conclusion: the existing policy of budgetary equalization through the provision of interbudgetary transfers has not eliminated interregional differences. The policy pursued by the constituent entities of the Russian Federation is aimed at smoothing out the existing differences between the regions, and not at ensuring the independent development of the regions, which contradicts the goals of overall economic growth: without the successful development of the regions, there can be no successful economy in the country as a whole. The results of the study indicate the need to improve interbudgetary relations by redistributing taxes in favor of regional budgets, transferring their economic activities to an intensive path of development.