Methodology of Determing Financing Rationality at the Subfedaral Level in Terms of the Development Equilibrium
In the present paper a notion of rational financing is introduced and its features and principles are described. A methodology of determining the degree of financing rationality at the subfederal level is developed on the basis of the system of indicators in accordance with focus areas: demographic, social, economic, infrastructural, financial, workforce and living standard, with ten indicators for each of the above areas. The suggested methodology was tested through the example of the Russian Federation subjects of the Siberian Federal District for the period of 1990-2013. Results of each area analysis are presented in the paper providing an insight into the integrated development of Siberia. It is highlighted that, in order to make all places of Russia equally livable, it is necessary to study rationality of financing and apply the given methodology to determine the financing rationality degree.