A dynamic approach to assessing the financial sustainability of regional budgets

Subject. This article focuses on the Russian Federation subjects' budgets and financial stability using the original dynamic approach. Objectives. The article aims to conduct an analysis of the regional regulatory tools impact on the risks to the financial stability of budgets in Russia. Methods. For the study, we used the methods of analysis, synthesis, deduction, induction, and grouping, as well as index, coefficient, and correlation-regression analyses. Results. The article analyzes the impact of the regulatory factors of regional administrations on the financial stability indicators according to the author-proposed criteria. Conclusions. The proposed criteria allow for a more adequate conclusion about financial stability, to highlight problems in the management of regional finances, and develop recommendations for their resolution.