Methodology for Assessing the Innovative Component of the Region’s Financial and Budgetary Security of the Region (Case Study of the Komi Republic)

Abstract

The purpose of the study is to formulate a methodological approach to monitoring the innovative component of the financial and budgetary security of the Komi Republic. The research objectives are: examine the actual approaches to evaluation the innovative component of financial and budgetary security; to develop on their basis a methodology for assessing the innovative component of the financial and budgetary security of the region; develop a list of indicators for assessing threats to innovative security; to test the proposed methodology by the case of the Komi Republic. The following methods were used: indicative method, comparison method, analysis, and synthesis. The article provides a brief description of approaches to assessing innovative security and presents the author's approach to evaluation the innovative component of the financial and budgetary security of regions. A list of indicators of innovative security and threshold values are developed. It is proposed to evaluate the state of the region's innovation sphere to identify and determine the degree of danger of security threats relying on these indicators. The proposed methodology was tested by the case of the Komi Republic and can later be used by government agencies when they evaluate the state of the financial sector in the region.