TRENDS IN THE FISCAL OPERATIONS OF THE FAR EASTERN FEDERAL DISTRICT

Abstract

Far Eastern Federal district is one of the most geographically extensive in the country. It includes 9 subjects of the Russian Federation. It is characterized with convenient geographical location, proximity to rapidly developing countries in the Asia-Pacific region (China, Japan, South Korea); significant reserves of natural resources, presence of natural attractions (volcanoes, valley of geysers, lake Baikal, etc.), which create opportunities for tourism development. The uniqueness of the role, played by the regions of the Far East, is predetermined with a combination of several factors, the most important of which are the significant natural resource potential of the macroregion, the use of which is necessary to ensure sustainable development of Russia for the long term, as well as the importance of the role of the macroregion in ensuring the country’s defense. The solution of economic, social and infrastructure problems of Far East is of paramount importance for preservation and strengthening of the territorial integrity of the country. The development of the macroregion is also one of the necessary conditions for the successful implementation of the Asia-Pacific direction of Russian foreign policy, its geopolitical and foreign economic aspects. However, despite its own potential and the implementation at the federal level of a new model of advanced development of Far East, based on the creation of the territories of advanced socio - economic development, the consistent expansion of the free port of Vladivostok in the various territories of Far East, the introduction of a mechanism, aimed to support investment projects, the comprehensive development of the Kuril Islands of the Sakhalin region, Komsomolsk-on-Amur, Khabarovsk territory, “Vostochny” cosmodrome in the Amur region, “Zvezda” shipbuilding complex in the Primorsky region and other facilities, within Far Eastern federal district still remain many highly subsidized subjects of the Russian Federation. Even such potentially powerful regions, as Sakhalin region, need financial assistance from the federal budget.