BALANCED DEVELOPMENT OF THE REGION AS A SUBJECT OF RISK FACTORS

Balanced development of the regions is currently a vital task, the purpose of which is to improve and equalize the quality of life in all regions, regardless of their natural and technological conditions. The purpose of the article is to study possible risks for the regional economy or, conversely, new opportunities for its development in connection with existing methods of sustainable and balanced regional development. Materials and methods. The materials used in the study are publications of scientists on the problems of balanced regional development, a set of indicators that characterize it. The study used the following methods: systemic and situational approaches, dialectical, logical ones, simulation modeling. Results. The Russian approach to balanced development reflects equality of economic opportunities to meet the social needs of the population in the regions in order to equalize the quality of life and to ensure its equal level throughout the country. It is in this sense that the problem of balancing regional economies should be approached. To identify the risks of imbalance it is proposed to form a region's economic system consisting of five components, all of them are internal ones: 1) the industrial complex; 2) the agro-industrial complex; 3) the socio-demographic complex; 4) the financial and monetary complex; 5) regional management. The system is open and connected with federal components and other regions. The main risk-forming factors are present in the financial component operating both within the system and in external financial interaction. The practical significance of the research results lies in the fact that, based on the proposed formation of a regional economic system, it is possible to identify the risks of its imbalance, taking which into account the system of monitoring financial risks of an unbalanced regional economy is configured. Conclusions. External factors of opportunities in the form of federal transfers make it possible to level the inequality of regions and ensure their sustainable development. It is necessary to assess the impact of this external factor through the effectiveness of regional development and financial security threats.