Authors: Maria N. SOLOMKO Cand. Sc. (Econ.), Associate Prof. of Finance Dept.

Abstract: Unceasing vertical and horizontal imbalances, poor quality of municipal finance management are among the main problems of public finance of the Russian Federation. One way to overcome these problems is to improve the mechanism of intergovernmental regulation what in turn requires development of methods to evaluate it. The review of legal acts and scientific publications on this subject showed a diversity of approaches to the selection of indicators for evaluation and methods of their calculation and interpretation. The paper presents a review of trends in intergovernmental regulation in the subjects of the Far Eastern Federal District and reveals its main drawbacks. The author suggests an approach to evaluation of intergovernmental regulation in the subjects of the Russian Federation that includes two blocks of indicators, namely indicators of quality and efficiency (first group) and indicators of economic effect (second group). The indicators of the first group are structured on the basis of budgetary regulation objectives (specifically, adjustment and economic stimulation). Compared to other approaches applied nowadays the proposed one allows measuring the changes in the proportions of budgets resulting from taken regulatory measures.

Keywords: INTERGOVERNMENTAL REGULATION, ADJUSTMENT, QUALITY OF REGULATION, EFFICIENCY, INTERGOVERNMENTAL TRANSFERS