Nature of subsidization of Russian regions

Abstract

Today, one of the most pressing problems of Russia is to improve the efficiency of public administration. A special place in this process is the strategic planning of socioeconomic development of the state: the developed forecasts, concepts, programs and plans are the most important tools for the implementation of the policy. The most important problem is the planning of socio-economic development of regions in Russia, as each region has distinctive characteristics due to geographical, socio-economic, geopolitical, ethnic and natural factors. Despite considerable attention from Federal and regional authorities to the strategic planning of regional development, the level of development of the methodology of this process remains insufficient, in particular in the scientific literature and the practice of subjects of the Russian Federation there is no uniform approach to the nature and content structure strategy of development of the territory, are not determined the principles and logic of the development of forecasting and analytical documents. In the article the questions of development of regions of Russia are considered, identified the causes of subsidization and financial insolvency of Russian regions. In order to solve the urgent problems of low competitiveness of a large number of regions, the Government of the Russian Federation is trying to create a new institutional framework that will allow economic entities to work and develop without any restrictions, but openly and in accordance with the established legislation. Keywords—subsidized region, socio-economic development, development strategy