Spatial Analysis of Budget Security of Regions in the Volga Federal Area

The article studies some theoretical aspects dealing with the essence of the notion of finance and budget security of the region. Budget security is the most important element of regional economic stability, which includes finance resource management necessary to ensure sustainable development, firmness against economic risks and ability to meet current and future obligations. Topicality of providing budget security of the region is connected with sanctions imposed on Russian economy and problems of budget management in some entities. Analysis gives an opportunity to identify several approaches to appraisal of budget security in the region, such as risk-oriented, coefficient, integral and rating. Scientists show interest to problems of risk-management of budget security, estimation of budget security rate and finding the impact of budget security of the region on its economic security. By using methodology of estimating the debt stability the standing of budget security of regions in the Volga Federal Area was revealed. Appraisal of budget security of regions covered the following stages: calculation of necessary coefficients; interpretation of obtained data by spatial analysis; splitting regions into groups by the rate of debt dependence and the rate of expenses for debt repay.