The development budget and its role in the implementation of the region’s investment policy
Realizing the role of investments for the implementation of the policy of economic growth and increasing the monetary income and savings of the population, it is proposed to develop the development budget in the regions as an independent target monetary fund as part of the consolidated budget of the...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Publishing House of the State University of Management
2021-09-01
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| Series: | Вестник университета |
| Subjects: | |
| Online Access: | https://vestnik.guu.ru/jour/article/view/2993 |
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| author | S. N. Rukina K. A. Gerasimova A. S. Takmazyan K. N. Samoylova |
| author_facet | S. N. Rukina K. A. Gerasimova A. S. Takmazyan K. N. Samoylova |
| author_sort | S. N. Rukina |
| collection | DOAJ |
| description | Realizing the role of investments for the implementation of the policy of economic growth and increasing the monetary income and savings of the population, it is proposed to develop the development budget in the regions as an independent target monetary fund as part of the consolidated budget of the subject of the Russian Federation and a tool for activating investment processes. The authors substantiate two options for the formation of its income based on the state of the economic potential of the region and inter-budgetary relations in the country. The article argues for the need to reflect in the development budget tax expenditures corresponding to the amount of incentive tax benefits provided by the sub-federal government to investors. The analysis of the forms of state support for investment projects in the Rostov region that are in demand by business – tax incentives, “engineering” subsidies, special investment contracts-allowed us to formulate a set of measures to improve tax legislation. The full functioning of the development budget is impossible without its consolidation in the Budget Code of the Russian Federation, as well as simplification of the mechanisms for providing tax instruments that stimulate investment processes, maintaining the stability of tax legislation, and expanding the tax independence of the state authorities of the subjects of the Russian Federation. |
| format | Article |
| id | doaj-art-08e8156990ff4ddca34781947eb878e3 |
| institution | Kabale University |
| issn | 1816-4277 2686-8415 |
| language | English |
| publishDate | 2021-09-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj-art-08e8156990ff4ddca34781947eb878e32025-02-04T08:28:09ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152021-09-010716817510.26425/1816-4277-2021-7-168-1752109The development budget and its role in the implementation of the region’s investment policyS. N. Rukina0K. A. Gerasimova1A. S. Takmazyan2K. N. Samoylova3Rostov State University of EconomicsSenior Lecturer, Rostov State University of Economics, Rostov-on-DonRostov State University of EconomicsRostov State University of EconomicsRealizing the role of investments for the implementation of the policy of economic growth and increasing the monetary income and savings of the population, it is proposed to develop the development budget in the regions as an independent target monetary fund as part of the consolidated budget of the subject of the Russian Federation and a tool for activating investment processes. The authors substantiate two options for the formation of its income based on the state of the economic potential of the region and inter-budgetary relations in the country. The article argues for the need to reflect in the development budget tax expenditures corresponding to the amount of incentive tax benefits provided by the sub-federal government to investors. The analysis of the forms of state support for investment projects in the Rostov region that are in demand by business – tax incentives, “engineering” subsidies, special investment contracts-allowed us to formulate a set of measures to improve tax legislation. The full functioning of the development budget is impossible without its consolidation in the Budget Code of the Russian Federation, as well as simplification of the mechanisms for providing tax instruments that stimulate investment processes, maintaining the stability of tax legislation, and expanding the tax independence of the state authorities of the subjects of the Russian Federation.https://vestnik.guu.ru/jour/article/view/2993investmentsincentiveseconomic growthdevelopment budgettax benefitsspecial investment contractagreement on protection and promotion of capital investmentstax expenditures |
| spellingShingle | S. N. Rukina K. A. Gerasimova A. S. Takmazyan K. N. Samoylova The development budget and its role in the implementation of the region’s investment policy Вестник университета investments incentives economic growth development budget tax benefits special investment contract agreement on protection and promotion of capital investments tax expenditures |
| title | The development budget and its role in the implementation of the region’s investment policy |
| title_full | The development budget and its role in the implementation of the region’s investment policy |
| title_fullStr | The development budget and its role in the implementation of the region’s investment policy |
| title_full_unstemmed | The development budget and its role in the implementation of the region’s investment policy |
| title_short | The development budget and its role in the implementation of the region’s investment policy |
| title_sort | development budget and its role in the implementation of the region s investment policy |
| topic | investments incentives economic growth development budget tax benefits special investment contract agreement on protection and promotion of capital investments tax expenditures |
| url | https://vestnik.guu.ru/jour/article/view/2993 |
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