Fiscal stimulus activity of subjects of the regional economy in the context of the new industrialization

Abstract

The importance of the use of budgetary tools for solving business impact (stimulate) on the economic entities in the regions of the Russian Federation with the view of successful functioning of the economy in the new industrialization is substantiated in the article. Due to the significant amount of regional budget expenditures needed to achieve this goal, the limited ability of territories to influence the economic processes was stated. It is proved that the scale of the new processes of industrialization requires a subsidiary of funding from the state and the subjects of the Federation. The importance of preselection of projects related to government funding is emphasized because only under this condition, perhaps the most effective use of budget funds and the promotion of economic growth and development are possible. The conclusion that the fiscal stimulus should be of initiating and supporting character, ie, facilitate the development of innovative development projects and complete the other forms of resource mobilization for the implementation of projects for a long period time is formed.