Research of Indicators of Financial Security of the Region on the Example of the Kursk Region
Relevance. The necessity to study the indicators of financial security of the region and their threshold values predefined by insufficient knowledge of factors influencing financial security with the features of forming the regional budget, the sectoral focus of economic entities, their tax potential. The purpose. Financial security of the state and financial security of the region are interrelated and interdependent concepts. Financial security of the region is provided by stable economic development of economic entities, competent management of financial resources, reducing dependence on public debt and gratuitous receipts. Stable developing regions form the basis of the state's financial security. At the same time, ensuring the financial security of the state undermines the financial security of the region, if the redistribution of financial resources does not take into account factors that negatively affect the development of the regional economy. Financial security of a region is the state of a region that ensures economic stability, efficient use of regional resources, and the ability to develop and progress. Given the importance of financial security in the region, we set a goal - based on the analysis of financial security indicators in the Kursk region, to develop their threshold values. Objectives. To achieve this goal, the analysis of indicators of financial security of the region, including indicators of the consolidated budget, the share of own revenues in the consolidated budget revenues, the ratio of public debt to the region's own funds, was carried out. Methodology. The study of financial security indicators of the Kursk region was carried out on the basis of statistical indicators of the development of the Kursk region for 2013-2018. Results. The article considers the indicators of financial security of the Kursk region and suggests their threshold values. Based on the analysis of the financial results of enterprises in the Kursk region, an indicator of the financial security of the region has been developed. Conclusion. According to the study it is proposed to use in monitoring indicators of financial security of the region, in order to timely respond to the manifestation of external and internal threats, and also rational use of financial resources indicator "the ratio of the sum obtained by economic entities net profit to gross regional product, percent".