Effectiveness of state budget policy in creating budgetary incentives of russian regions

The paper discusses the importance of a budget policy aimed at creating incentives for the development and growth of the constituent entities in a federal state. Classical studies in this area, as a rule, are based on comparative analysis of several countries and are of an empirical nature. At the same time, the emphasis in many works is on studying the subfederal budget policy in Russia and the assessment of budgetary incentives in the regions. The purpose of this study is to assess how the fiscal incentives of regional governments have changed in solving the task of restoring Russia's economic growth in the period of crisis changes in the economy of recent years. Using the econometric analysis and the results of the assessment of centralization of the budgetary system obtained by other researchers, we have shown that the reduction of budget incentives occurs largely due to the federal center's regulation of the spending directions of consolidated regional budgets in connection with the consolidation of the main regional taxes in the period under review,. At the same time, it is indirectly confirmed that the federal center's redistribution policy is effective in reducing the differences in the development of the subjects of the Federation. It is shown that the variability of GRP and the variability of expenditure budgets in the crisis of 2012–2015 was relatively stable, and the variability of the main regional tax revenues increased significantly. We have given recommendations and suggested measures that prevent the reduction of budget incentives in the regions.The directions of further research are in finding the spatial features of the processes, as well as investigating the stability of the conclusions obtained, depending on the method of econometric analysis.