Financial support for socio-economic development of the constituent entities of the Russian Federation: Approaches and strategies

Aim. The work aimed to develop the theoretical and methodological approaches to the analysis of financial support for socio-economic development of the constituent entities of the Russian Federation (RF).
Objectives. The work seeks to systematize the theoretical and methodological approaches to the analysis of financial support for regional development; classify the strategies for financial support for socio-economic development of constituent entities of the Russian Federation; analyze the sources of financing and financial instruments for implementing measures of strategies for socio-economic development of constituent entities of the Russian Federation; issue practical recommendations for solving problems of financial support for socio-economic development of constituent entities of the Russian Federation.
Methods. The study employed general scientific research methods, including analysis of the current legal and regulatory framework, strategic documents, scientific description, synthesis, generalization, deduction, theoretical interpretation, and comparative analysis.  A system approach was used, that enables to consider the financial support of constituent entities of the Russian Federation as a system consisting of certain parts and elements interconnected by financial relations for the implementation of measures of regional development strategies.
Results. The theoretical and methodological approaches to the analysis of financial support for regional development are systematized, and the necessity for their improvement is substantiated. A typology of strategies for financial support for socio-economic development of the constituent entities of the Russian Federation is developed. A relationship is established between the choice of sources of financing for the strategy activities, the level of estimated fiscal capacity and the tax potential of the constituent entities of the Russian Federation. The advantages of implementing the model of cofinancing programs and projects for the socio-economic development of the constituent entities of the Russian Federation are substantiated.
Conclusions. The analysis of financial support for the socio-economic development of regions can be used to develop practical recommendations for government bodies of the constituent entities of the Russian Federation to improve the efficiency of financial resource management. Recommendations based on the research results can be useful for practitioners in developing regional development strategies and improving regional finance management, as well as for teachers of economic and financial disciplines in developing and updating work programs and learning and teaching aids.

1. Grajzl P., Cepec J., Mörec B. Weaned off public money: The effect of discontinued reception of public cash on firm outcomes. Kyklos. 2023;76(1):41-76. https://doi.org/10.1111/kykl.12317

2. Zhou W., Song Y., Xu D., Zhang Y. Government subsidies and industrial chain resilience: Evidence from Chinese resource-based enterprises. Resources Policy. 2025;102:105525. https://doi.org/10.1016/j.resourpol.2025.105525

3. Chen Y., Lyu B., Ma G. Revenue sharing, fiscal incentives, and economic growth: Evidence from China. Kyklos. 2024;77(1):149-183. https://doi.org/10.1111/kykl.12362

4. Istomina N.A. Budget planning in the subjects of the Federation in the context of open budgets and participatory budgeting: Theory and methodology. Doct. econ. sci. diss. Synopsis. Ekaterinburg, 2019. 48 p. (In Russ.).

5. Pisarenko K.V. Conceptual foundations of financial regulation of socio-economic and innova- tive development of regions: State policy and cost approach. Moscow: KnoRus; 2024. 396 p. (In Russ.).

6. Slepneva L.R., Turpanova E.A. Investment approach to the development of the strategy of the economic development of a municipality. In: Saktoev V.E., ed. Economy, management and education. Proc. 3rd Nat. sci.-pract. conf. (Ulan-Ude, October 21-22, 2020). Ulan-Ude: East Siberian State University of Technology and Management; 2020:112-118. (In Russ.).

7. Odintsov S.V., Vlasyuk L.I. Strategic criteria for classifying the regions of Russia as subsidized. Ekonomika promyshlennosti = Economy of Industry. 2024;17(2):206-214. (In Russ.). https:// doi.org/10.17073/2072-1633-2024-2-1268

8. Balynin I.V. Problems of managing regional budget expenditures in the Russian Federation. Moscow: RuScience; 2020. 288 p. (In Russ.).