Север и рынок. 2022, №3.

СЕВЕР И РЫНОК: формирование экономического порядка. 2022. № 3. С. 104-120. Sever i rynok: formirovanie ekonomicheskogo poryadka [The North and the Market: Forming the Economic Order], 2022, no. 3, pp. 104-120. ФИНАНСОВО-БЮДЖЕТНАЯ ПОЛИТИКА НА СЕВЕРЕ И В АРКТИКЕ РОССИИ Table 2 Indicators, evaluating quality of the budget process management in a region Indicator Characteristics 1. The coefficient of spending priorities is determined as the ratio between the sum of social expenditures to the total sum of budget spending It evaluates spending priorities of regional budgets. The higher the coefficient value, the higher level of support to the population. Its value should not be lower than the Russian average 2. The coefficient of investment activities is determined as the ration between the sum of investments to the total sum of budget spending It evaluates opportunities of the investment policy implementation in a region The higher the coefficient value, the higher level of investment activities in a region 3. The tax collection coefficient is determined as the ratio between the total tax revenues and possible tax revenues (the sum of taxes collected and tax debts to the budget, and other budget losses) It shows the level of tax collection from potentially possible tax revenues, including budget losses due to budget debts, provision of benefits, etc. The higher the coefficient value, the higher tax collection level 4. The coefficient of tax efforts on tax on profit is determined as ratio between the total sum of tax on profit and the tax base for the tax on profit It evaluates efforts on collection of the tax on profit. The higher the coefficient value, the higher the tax potential of a territory due to activities of the regional authorities to attract (preserve) large businesses as tax payers Note. Source: author's development. The reason for choosing the indicators of the first group is their scientific substantiation by Russian experts in the field of analysis of the financial condition of regional budgets. The indicators of the first group are a system of coefficients reflecting the results of the governing bodies' activities. The results were embodied in volumes of budget resources, which are evaluated from the standpoint of the ability to ensure balance, sustainability, and ability of the region to finance its needs independently. The choice of indicators of the second group is caused by the necessity to evaluate the budget potential when fulfilling their budget functions by the authorities. Indicators of the second group are a system of coefficients, evaluating results of the public authorities' activities at individual stages of the budget process. In particular, the coefficient of investment activities characterizes intensification of investment processes in the region. Stable budget revenues cannot be provided without positive dynamics of investments. The cost priority coefficient reflects the participation of governing bodies in the social processes. The high socialization of budget spending is the evidence of support for the least protected population segments, the implementation of presidential decrees to increase salaries of the state employees, the healthcare system development, and measures to improve healthcare. Spending for the social sphere reflects positive trends of the regional socio-economic indicators. The growth of the tax collection coefficient indicates an increase in activities towards reducing tax arrears, identifying and cancelling ineffective benefits, etc. The coefficient of tax efforts on the tax on profit characterizes the systematic work of the authorities in interactions with large taxpayers, aimed at increasing the tax potential of the territories. The two blocks of indicators proposed for analysis indirectly reflect the result of managerial influence on this process. At the same time, if the first block of indicators characterizing the financial state of the budget evaluates the consequences of making managerial decisions by both federal (determining the conditions for inter-budget regulation) and regional authorities, the second block of indicators characterizing the management quality during the budget process — by the regional government bodies. The set of indicators used in the methodology is generally sufficient for analysis, since it characterizes the most significant aspects. At the same time, the system of indicators can be supplemented with other indicators that will reflect participation of governing bodies in the budget process implementation. The condition for their application is that they can be quantified, should be presented as relative indicators, and information on them should be available for researchers. For example, indicators evaluating results in the form of additional budget revenues from the control bodies' activities in the field of property management, etc. One can use an indicator describing the amount of funds received by the region as a result of applying the motivation mechanism for the proper quality of territorial budget management. Thus, in foreign countries grants can be given for efficient budget management [24], which provide additional financial resources to government bodies for fulfilling their obligations. Based on the coefficients from group 1 an integral index evaluating the financial security level of a region is calculated. Coefficients from group 2 are used to calculate the integral index evaluating the quality of the budget process management. To quantify the budget potential use, the aggregate integral index is calculated on the basis of all eight coefficients. To bring the indicators © Барашева Т. И., 2022 107