Transformation of Regional Budgetary Independence and Security: Spatial Analysis

The issue of increasing budgetary independence and security is relevant for the majority territorial systems, both at regional municipal levels. It was hypothesised that changes in structure public debt have a negative impact on their security. According to this hypothesis, an increase proportion bank borrowing corresponding decrease securities by constituent entities Russian Federation leads greater overall burden budget. In order study transformation processes affecting We developed methodology permit separate assessment these concepts. approach, we propose evaluate systems terms of: (1) balance budget (ratio internal tax non-tax revenues expenditures); (2) financial dependence transfers subsidies from budgets other levels; (3) security, taking into account gratuitous non-gratuitous transfers. Thus, ary can be assessed accordance with dynamics, as well level covered region’s own revenues. novelty presented methodological approach consists its systematic use Moran’s I various spatial weight matrices combined regression analysis methods based panel data. Testing demonstrated heterogeneity fiscal capacity, highlighting most regions federal Autocorrelation carried out according using confirmed tendency towards heterogeneity. Future studies will focus simulating influence factors predict dynamics change.