State Regulation of Financial Position of Territories

Abstract

The article presents the results of the study on the inseparability of administrative regulation of debt of constituent entities of the Russian Federation and provision of federal inter-budget transfers to highly dependent territories. The authors study modern trends related to providing territories with inter-budget transfers both in foreign and domestic scientific literature. Besides, the level of financial dependence of highly subsidized territories of the Russian Federation is detected and evaluation of significant changes in the indicators of own revenues and debt of highly subsidized entities of the Russian Federation in connection with measures of state financial regulation is provided. The need for legislative financial regulation in the format of establishing mandatory parameters for the constituent entities of the Russian Federation through the example of the debt situation in high-level regions is proved.