DIRECTIONS FOR IMPROVING MECHANISMS OF FORMATION AND USE OF FINANCIAL RESOURCES FOR SOCIAL PROTECTION OF THE POPULATION OF THE KOMI REPUBLIC

The article examines theoretical, methodological and methodical issues of formation and use of financial resources for the social protection system of the population of the Komi Republic. The composition, structure and dynamics of incomes and expenditures of the budget of the northern region were studied. The economic analysis of the main state and non-budgetary sources in the dynamics for 2006–2016 is carried out. It is revealed that in recent years the emphasis in social protection has been increasingly shifted to resource opportunities in the economies of the regions. A significant part of the revenues of the republican budget is formed by the expense of tax revenues. The main state tool in this process is the taxation of individuals. It is shown that over the past ten years the dynamics of budget expenditures is in short supply, which leads to an increase in the need for financial resources with their actual limitations. It is determined that in many respects insufficient formation of financial resources of both budgetary and extra-budgetary funds is caused by the closure of a number of unprofitable enterprises, an increase in the number of unemployed citizens, a decrease in the population’s money income, a shortage of demanded jobs, a shadow economy, and as a result of a low level of tax revenues and insurance contributions from employers. Given the budget deficit and the economic crisis, the main mechanisms that can significantly improve the effectiveness of financial provision for social protection are the redistribution of financial resources in favor of the targeted social security programs, curbing the growth of unemployment, creating conditions for expanding employment, actively involving able-bodied citizens in the labor activities and assistance in implementation of the labor potential of citizens.

financial resources, transfers, social protection, consolidated budget, off-budget funds, cash income of the population, targeted social assistance, size of the subsistence minimum, unemployment, employment.

Tikhomirova V. V. Directions for improving mechanisms of formation and use of financial resources for social protection of the population of the Komi Republic // Business. Education. Law. 2018. No. 3 (44). P. 177–185. DOI: 10.25683/ VOLBI.2018.44.323.