INVESTMENT ACTIVITY AS A SOURCE OF FINANCIAL STABILITY OF THE REGION

Abstract

In the context of a sluggish economic crisis, control over the expenditure of budgetary resources in almost all areas of the domestic reproduction process is of particular importance; it is important to prevent the dilution of funds, their misuse or irrational use. At the same time, it should be noted that control over the spending of budgetary funds also has its own internal, non-corrective institutional features. From which it follows that it is here, as in no other area, that an audit of the effectiveness of the use of budgetary resources is necessary. The transitional nature of the state of the social sphere also determines the serious investment of the state in the sectors of the social sphere, since the solution of this large-scale task is impossible without state participation, only by private capital. In this regard, the control of spending on reforming social sectors acquires no less significant characteristics. This article analyzes the execution of the consolidated budgets of the constituent entities of the Russian Federation for 2018-2020 and presents ways to improve financial monitoring in the course of using budget funds.