GOVERNMENT INCENTIVES OF AGRO-INDUSTRIAL REGIONS IN TIMES OF ECONOMIC RECESION

Abstract

This article deals with theoretical and practical aspects of formulation and implementation of fiscal policy, income and expenses in particular. It also provides a brief analysis uncompensated receipts, regional budget expenditures on national economy, profit tax rise in revenue to regional budgets during the period of undeclared crisis in 2015 and the following period of economic recovery in 2016-2017. The position of the Altai Territory in the research group has been determined. The impact of federal and regional budgets on the dynamics of territories’ revenue trends from profit tax has been studied. Efficiency gains of budget management have been noted. Such indicators as the amount of profit tax revenue counting on per ruble of costs on national economy from a regional budget, the amount of the following year profit tax counting on per ruble of national economy costs from the previous year regional budget (in 2016-2017 in kopecks) were defined as criteria for evaluating the effectiveness. It has been shown, that taking into account the time lag of one year, budget investments into national economy, excluding direct federal transfers are insufficient in 9 out of 10 cases and their efficiency will grow only with the increase of these expenditures. The assertion about the importance of budget investments for economic development of the country and its regions has been confirmed, that underlines the necessity of greater use of public-private partnership system.