The Tendency of Socioeconomic Development of the Republic of Buryatia among 83 Subjects of the Russian Federation
In this article the authors analyze the current socioeconomic situation in the Republic of Buryatia and expose downtrends in the economy as well as the rating downgrade among the 83 subjects of the Russian Federation. It is determined that the Republic of Buryatia participates in the inter-regional interaction and international division of labor with a woefully limited range of commodities, mostly raw materials, which affects trade balance. The decrease of savings, on which the investment potential depends, dynamics of the real income of the population and fiscal capacity of the Republic of Buryatia are also alarming. The conclusions are targeted at the regional legislative and executive powers in order to assist them in fulfilling the obligations to the people of Buryatia.