RESULTS OF THE FIRST STAGE OF THE STRATEGY FOR THE SOCIO-ECONOMIC DEVELOPMENT OF THE CHUVASH REPUBLIC UNTIL 2035

Abstract

The Chuvash Republic is one of the 14 regions that make up the Volga Federal District. The Republic has great innovative potential and unrealized competitive advantages. In assessing the total investment potential of the constituent entities of the Russian Federation, the leaders are 5 regions of the district with high rates of socio-economic development (the Republics of Tatarstan and Bashkortostan, Perm Territory, Nizhny Novgorod and Samara regions). Taking leading positions in certain industries (electrotechnical cluster, potato and milk production, etc.), in terms of a number of indicators of social and economic development, the republic is ranked 13–14th in the Volga Federal District and 50–60th in Russia. With this in mind, by decision of the Government of the Russian Federation, the Chuvash Republic was included into the list of 10 regions of the country with a low level of socio-economic development. The strategy is to be implemented within a five-year period, the implementation of the strategy is divided into three stages: the first stage – 2020-2021, the second – 2022-2025, the third – 2026–2035. The purpose of the study is to analyze the implementation of the first stage of the Strategy for the socio-economic development of the Chuvash Republic until 2035, and to assess the impact of the results of the first stage on achieving the goals set in the Strategy-2035. The relevance of the study is caused by the fact that the socio-economic situation of the whole country depends on the results of the socio-economic development of the regions. The study found that the average annual growth rate of indicators (production volume, gross regional product, budget revenues, and quality of life indicators), estimated based on the duration of the Strategy, were not met at the 1st stage. Indicators characterizing the state of development of small and medium-sized enterprises (the number of small enterprises, the number of people employed in them, their share in budget revenues) are deteriorating.