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Implementation of Regional Development Priorities Under the Conditions of the COVID-19 Pandemic

Author

Listed:
  • Mikhail V. Milchakov

    (Financial Research Institute, Moscow 127006, Russian Federation)

Abstract

Due to historical features and the heterogeneity of the economic landscape, the regions of Russia are characterized by significant disparities in the level of socioeconomic development. In order to manage regional development, a number of important strategic documents have been adopted, including the Spatial Development Strategy. The tasks of supporting problem regions and developing the largest agglomerations are articulated in these documents. In the context of the pandemic, new challenges have emerged related to slowing economic growth and budget constraints. The article examines the specifics of the formation of individual programs for the socioeconomic development of problem regions, as well as the situation of cities with more than 1 million inhabitants during the pandemic. The author presents proposals for improving the measures included in the Spatial Development Strategy.

Suggested Citation

  • Mikhail V. Milchakov, 2021. "Implementation of Regional Development Priorities Under the Conditions of the COVID-19 Pandemic," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 2, pages 93-113, April.
    • Handle: RePEc:fru:finjrn:210207:p:93-113
    DOI: 10.31107/2075-1990-2021-2-93-113
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    References listed on IDEAS

    as
    1. Mikhail V. Milchakov, 2017. "Heavily Non-Purpose Grants-Financed Russian Regions: Budgetary Conditions and Tools of State Support," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 1, pages 22-38, February.
    2. Mikhail V. Milchakov, 2020. "Execution of National Projects in Regions Under the Conditions of Countering the Coronavirus Pandemic," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 3, pages 28-47, June.
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    Citations

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    Cited by:

    1. Zubarevich, N., 2021. "Regions of Russia during a pandemic: Socio-economic dynamics and budget revenues," Journal of the New Economic Association, New Economic Association, vol. 51(3), pages 208-218.
    2. Vyacheslav Shebanin & Iurii Kormyshkin & Georgiy Reshetilov & Iryna Allakhverdiyeva & Valentyna Umanska, 2022. "Sustainable development of the socio-economic security system of the region based on closed cycle technologies," RIVISTA DI STUDI SULLA SOSTENIBILITA', FrancoAngeli Editore, vol. 0(2), pages 271-288.

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    More about this item

    Keywords

    spatial development strategy; intergovernmental fiscal relations; intergovernmental transfers; national projects; regional budgets; agglomerations; individual programs; balanced development; interregional inequality; pandemic;
    All these keywords.

    JEL classification:

    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures
    • H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy
    • P25 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Urban, Rural, and Regional Economics

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