Regional Economics: Theory and Practice

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Fiscal sustainability of the region: Assessment indicators

Vol. 17, Iss. 1, JANUARY 2019

Received: 5 October 2018

Received in revised form: 26 October 2018

Accepted: 16 November 2018

Available online: 16 January 2019


JEL Classification: H30, H39, H71, H73, H77

Pages: 121–139

Troyanskaya M.A. Orenburg State University, Orenburg, Russian Federation

Vylkova E.S. North-West Institute of Management of RANEPA, St. Petersburg, Russian Federation

ORCID id: not available

Subject The article investigates the issues of fiscal sustainability of the region being the basis for relations formation in the field of taxation.
Objectives The aim is to develop and offer a system of indicators to assess the fiscal sustainability of the region.
Methods The study relies on the methods of grouping, systematization, analysis and comparison.
Results We offer our own approaches (simplified and complex) to the assessment of the level of fiscal sustainability. The simplified approach rests on a comparison of estimate indicators. The complex approach includes a system of individual indicators (that reflect the social, budgetary and economic condition) and a set of indicators in the form of a composite index and point ratings of fiscal sustainability. The results of ranking the composite index and the point ratings of fiscal sustainability of public-law entities (on the subjects of the Volga Federal District case) enabled to verify the difference in their positions.
Conclusions The ranking helped identify the possibilities of public-law entities to ensure the sustainable development of the territory through stable tax revenues.

Keywords: financial stability, fiscal sustainability, sustainability assessment, fiscal sustainability indicator


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