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

Author

Listed:
  • Leyla B. Mokhnatkina

    (Orenburg State University, Orenburg 460018, Russia)

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.

Suggested Citation

  • Leyla B. Mokhnatkina, 2018. "Budget Balance and Government Debt As Indicators of Region’s Financial and Budgetary Security," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 2, pages 106-119, April.
    • Handle: RePEc:fru:finjrn:180209:p:106-119
    DOI: 10.31107/2075-1990-2018-2-106-119
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    References listed on IDEAS

    as
    1. Sergey Mityakov & Yevgeniy Mityakov & Natalya Romanova, 2013. "The economic security of the Volga Federal District regions," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(3), pages 81-91.
    2. Mikhail V. Milchakov, 2016. "Budgets of Russian Regions: Government Debt Accumulation and Public Spending," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 3, pages 66-78, June.
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    Cited by:

    1. Antonina S. Kovalevskaya & Svetlana I. Nikulina, 2018. "Government Guarantees as an Instrument for Investment Risk Allocation," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 5, pages 23-33, October.

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    More about this item

    Keywords

    balanced budget; indicators; threshold values; financial and budgetary security; budget deficit; debt; public debt; debt policy; revenue and expenditure of budgets;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus

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