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Enforcement of financial basements as a factor of territories development

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  • Yelena Sidorova

Abstract

Article contains description of structure of regional finance resources, discloses the sources of financing, describes the role of budgeting. Problems and possible ways of solution of inter-budget relationships optimisation are described with the purpose of increasing of financial prosperity of territories. Overall role of optimisation as one of the most important factors of strengthening of financial basement of territories is described along with the necessity of considering the budget process as stimulated factor for regional economic systems development. Suggestions on substitution of cost method of budget resources management by the model of outcomes management and further development of mechanisms of territorial bodies interaction with economic entities on the base of state-private partnership were proposed.

Suggested Citation

  • Yelena Sidorova, 2007. "Enforcement of financial basements as a factor of territories development," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(2), pages 151-162.
    • Handle: RePEc:ura:ecregj:v:1:y:2007:i:2:p:151-162
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