CONSOLIDATED BUDGET ALLOCATION SYSTEM: ANALYSIS OF THE SOUTHERN FEDERAL DISTRICT REGIONS

In modern realities, effective management of the consolidated regional budget is of paramount importance for ensuring sustainable economic development and social stability. This paper examines the analysis of the consolidated budget allocation system at the regional level. The consolidated budget serves as the main instrument for financing the socio-economic development of the regions, which underlines its importance in the context of modern economic challenges. The main purpose of the study is to identify the features and problems associated with the allocation of budget funds among the subjects of the Russian Federation, namely the regions of the Southern Federal District. At the first stage, the research examines the theoretical aspects and determines the results of an assessment of the openness of budget data. To carry out the analysis, a grouping of the results of the evaluation of budget data from the regions of the Southern Federal District is carried out, which includes various categories of groups. The second section is devoted to a practical analysis of budget allocation in various regions of the Southern Federal District. The relevance of the study is due to the need to adapt the regional budget to various changing conditions, and the consolidated budget distribution system was analyzed, low and high levels of income and expenses of the Southern Federal District regions were identified, and the dynamics of income and expenses were analyzed. These statistics make it possible to evaluate the effectiveness of using funds and determine the main directions of economic development of the Southern Federal District regions. Taking into account the data obtained as a result of the analysis, in the future they will help determine the directions of reforming the mechanism for equalizing budget provision in the subjects of the Southern Federal District of the Russian Federation in order to ensure a more even distribution of resources, socio-economic development of the regions and increased transparency.