Svetlana V. Kadomtseva, Irina V. Manakhova Public Finance and Quality of Life of the Population in the Regions of the CFD during the Pandemic

DOI: 10.38050/2078-3809-2022-14-3-7-24

Abstract

The actual problems of public finance are the consistency of the ongoing budgetary policy in the field of revenues and public expenditures and its effectiveness, especially in crisis conditions. The directions of public spending are diverse and depend on the priorities of the state policy being pursued and the development of interbudgetary relations. During the pandemic, much attention is paid to the social support of citizens and the regulation of their income, leveling the level and quality of life of the population throughout the country. The focus of this article will be directed to the last circle of problems. The authors continue a series of works on the study of public finances and the quality of life of the population in the regions [Kadomtseva, 2018]. For the analysis, the Central Federal District (CFD) was chosen - the largest district in terms of financial and labor resources. Based on the study of socio-economic indicators of the development of regions, the current problems caused by the corona crisis have been identified. The analysis showed that the regions differ significantly both in terms of economic recovery and in terms of the financial capabilities of regional budgets to fulfill social obligations and ensure the quality of life.

Keywords: Central Federal District, public finances, socio-economic development, standard and quality of life, budget revenues and expenditures, regional development priorities.

JEL: O 018, P 430.

For citation: Kadomtseva, S.V., Manakhova, I.V. Public Finance and Quality of Life of the Population in the Regions of the CFD during the Pandemic. Scientific Research of Faculty of Economics. Electronic Journal, vol. 14, no. 3, pp. 7-24. DOI: 10.38050/2078-3809-2022-14-3-7-24.

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