The Role of Inter-Budgetary Regulation in the Socio-Economic Development of the Regions in Modern Conditions

Abstract

The balance of regional budgets is the most important factor in the socio-economic development of the constituent entities of the Russian Federation. Traditional balancing mechanisms, along with interbudgetary transfers, also include loans, reserve funds, and revenue sources established by legislative norms and intended to minimize the budget deficit and intra-system redistribution of budget funds. In 2024–2026, it is planned to implement all necessary measures aimed at maintaining fiscal sustainability and independence of regional budgets, stimulating infrastructure development, and creating a more transparent model of interbudgetary relations at the regional level. Currently, most constituent entities of the Russian Federation largely depend on financial assistance from the federal budget. Its total volume increases annually and is distributed according to approved methods. The article examines the main types and volumes of interbudgetary transfers to the budgets of the constituent entities of the Russian Federation for 2024–2026, features of the upcoming budget cycle, and draws conclusions about the sufficiency of the financial support provided for the sustainability of regional budgets.