AREAS OF IMPROVEMENT OF THE COMPLEX SOCIAL AND ECONOMIC DEVELOPMENT OF MUNICIPAL FORMATION BASED OF A BALANCED SCORECARD (THE EXAMPLE OF THE REPUBLIC OF MORDOVIA)

Abstract

Municipalities in the Russian Federation are significantly different in terms of socioeconomic development. Significant disparities in this area lead to problems in the formation of a unified budget, investment policy, planning the development of the economic and social sphere of the region. In order to reduce the level of differentiation in the socioeconomic development of the region’s municipalities it is necessary to solve the problem of financial support of municipalities. The paper proposes a method of determining the influence of socio-economic development of municipalities in the amount of financial support provided to them through the use of regression analysis, and the scheme of distribution of financial support between municipalities, depending on the performance of socio-economic indicators, taking into account the distribution of aid stimulating and leveling parts. This will solve the problem of horizontal and vertical alignment of territories in the region, and make more transparent the process of reallocation of funds within the subject.