Financial Journal

p. 9-25

Authors: Stanislav S. Bychkov, Alexey I. Kokarev, Alexey M. Lavrov

In 2008 the Ministry of Finance of the Russian Federation for the first time conducted the monitoring of quality assessment in financial management of the federal budget resources chief controller intended to analysis and evaluation of processes and procedures that ensure the effectiveness of budget funds usage. The article presents an analysis of the development of methods for assessing the quality of financial management, its main disadvantages and limitations, as well as proposals for its improvement. Also this article covers the review of international experience in assessing the quality of financial management, which indicates significant progress of the Russian Federation in this area. The analysis of the results of practical approval of tools for assessing the quality of financial management shows the possibility of a significant improvement in the quality of budgetary authority execution (financial performance) by the chief administrators of federal budget funds as part of the improvement of internal financial control and audit systems.

p. 39-50

Authors: Vladimir V. Gromov

Special Economic Zones are important mechanism of attracting investments to regions but in recent years their number has significantly reduced and other investment tools have appeared. Since taxation directly affects investment decisions, the article provides estimation of current federal tax reliefs concerning SEZ residents in terms of their ability to create incentives for obtaining resident status in SEZ. It also includes comparison with other favourable tax regimes recently introduced in Russia.

p. 61-70

Authors: Anna A. Mikhaylova, Vladimir V. Klimanov

The article compares the Indian and Russian models of fiscal federalism and defines main similarities and differences of these models. It also considers the types of intergovernmental fiscal transfers in each country and draws conclusions about the inter-country differences in their provision. The authors determined that not only intergovernmental fiscal transfers, but also revenues from the state taxes share in the tax revenues of the central government play an important role in the revenue side of the state budgets.

p. 87-99

Authors: Yuri A. Spletuhov

The article discusses the practice of agricultural insurance in the Russian Federation and in foreign countries, and, above all, agricultural insurance programs with state support. In particular, it characterizes the objectives that the state solves when providing such support, the content of programs, the consequences of their implementation. The author generalizes the principles of crops and cattle insurance with the state participation in Russia and analyzes it. The dynamics of insurance development. Particular attention is paid to countries with the most developed insurance program as the USA, Canada and Spain. Moreover, the author provides characteristics of agricultural insurance schemes, defines the role and functions of state and private insurers, state support methods, insurance types and achieved results. In conclusion, the author dwells on the problems arising in the implementation of agricultural insurance programs with government support.

p. 110-122

Authors: Vladimir V. Vagin, Natalia A. Shapovalova

The article presents the results of monitoring of the initiative budgeting (IB) programs and practices in the Russian Federation for 2016 — in its 35 subjects. It analyzes the IB programs administration strategies, sources and forms of budgetary allocation for the IB projects, general and special legal regulations, parameters of the regional IB practices, and conditions of institutional infrastructure at the regional level. The authors attempt to systemize the programs and practices of the IB and also formulate and describe the criteria for IB development evaluation in the Russian Federation regions. The proposed approach, as well as the analysis of the indicators of the IB regional programs and practices, made it possible to form TOP 15 subjects of the Russian Federation leading in initiative budgeting in 2016. The IB indicators for 2015–2016 and its development pace in 2017 give the reason to predictic positive dynamics of qualitative and quantitative indicators, and also create prerequisites for the successful implementation of the Program for the Initiative Budgeting Development in the Russian Federation for the medium-term period, developed by the Ministry of Finance of the Russian Federation.