Tag: Region

REGIONAL DYNAMICS AND STATE-LEVEL PERFORMANCE IN INDIA’S INDIRECT TAX SCENARIO: EXPLORING GOODS AND SERVICES TAX (GST) REVENUE JOURNEY

Gajanan BHARAT HALDANKAR

Assistant professor, Department of Commerce, VVM’s Shree Damodar college of Commerce & Economics, Goa, India

Gajanan.haldankar@vvm.edu.in.

(Corresponding author)

Santosh PATKAR

Professor & Principal, Sridora Caculo College of Commerce and Management Studies, Goa, India

patkar_santosh@rediffmail.com.

Abstract

Goods and Services tax was implemented in India from 2017 as a new indirect tax law intended to simplify and consolidate the previous tax system. India is a country with large population with diverse geographical regions, it becomes paramount for assessing the GST performance across different regions of the nation. For achieving the goal of the research secondary data of GST revenue from all 28 states and 8 union territories were collected and categorized into six regions. For the study Graph analysis, descriptive analysis, and Kruskal-Wallis tests were employed using Jamovi statistical software. The results of the study demonstrated the States/UTs that excel in terms of GST collection in their designated regions. In Northern region Haryana stands out, Assam leads the pack in Northeastern region, in central region Uttar Pradesh demonstrated a strong performance, in Eastern region West Bengal excels, Maharashtra performs well in the Western region and in Southern region the State of Karnataka is the best performer. These States demonstrated exceptional performance in collecting GST revenue within their regions. Additionally, the study revealed an upward trend in GST revenue performance across all regions of India particularly in Western region. However, it also indicates that certain States/UT’s & regions are not performing up to expectations when considering their population size. This research work gives a valuable perspective for the tax department, researchers and policymakers empowering them to develop strategies that can boost the region wise GST revenue collection and will help in promoting economic growth of the country.

Keywords: Indirect Tax, Goods and Services Tax (GST), Revenue performance, Region, India

JEL classification: H71, H20, H21

 pp. 39-53

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TOOLS OF FORMATION OF THE SYSTEM OF SOCIO-ECONOMIC SECURITY OF TERRITORIAL COMMUNITIES OF THE REGION

Veacheslav SHEBANIN

Rector of the Mykolayiv National Agrarian University, 54020, 9 Georgiy Gongadze Str., Mykolayiv, Ukraine

shebanin8921@tanu.pro

Iurii KORMYSHKIN

Professor at the Department of Public Administration and Administration and International Economy. Mykolayiv National Agrarian University, 54020, 9 Georgy Gongadze Str., Mykolayiv, Ukraine

prof.kormyshkin@tanu.pro

Alona KLIUCHNYK

Head of the Department of Public Administration and Administration and International Economy, Mykolayiv National Agrarian University, 54020, 9 Georgy Gongadze Str., Mykolayiv, Ukraine

a-kluch@nuos.pro

Iryna ALLAKHVERDIYEVA

Graduate Student at the Department of Public Administration and Administration and International Economy, Mykolayiv National Agrarian University, 54020, 9 Georgy Gongadze Str., Mykolayiv, Ukraine

allakhverdiyeva@nuos.pro

Valentyna UMANSKA

Doctoral Student at the Department of Public Administration and Administration and International Economy, Mykolayiv National Agrarian University, 54020, 9 Georgy Gongadze Str., Mykolayiv, Ukraine

vumanska@uohk.com.cn

Abstract

The urgency of the stated subject of this scientific research is conditioned by the need to develop and integrate effective tools for the formation of a system of socio-economic security of territorial communities in a given geographical region, which is essential for the quality of economic development of these regional communities in the short and long term. The purpose of this research work is to study the tools of formation of the system of social and economic security of territorial communities of the region in the current system of social and economic relations in a given geographical region, as well as assessing the effectiveness of the practical application of such instruments in the context of assessing the role and place of these regions in the economic system of the whole State. The basis of the methodological approach in this scientific study is a combination of methods of quantitative and qualitative analysis of the key principles of the system of socio-economic security of territorial communities of the region, as well as tools to ensure this process. In the course of carrying out this scientific study, results have been obtained indicating the need to ensure the socio-economic security of a given region, through the creation of effective tools for the formation of a system of this kind of security, taking into account the specific features of a given region and its role and place in the socio-economic system of the whole state. The results obtained in the course of this scientific research, as well as the conclusions derived therefrom, have significant practical significance for representatives of specific territorial regional communities, whose immediate interests include addressing the socio-economic security of the territorial communities of the region through the use of the necessary effective tools for this task.

Keywords: region, socio-economic security, territorial communities of the region, economic development, development trends of regions, local socio-economic development

JEL classification: R1, R38, R50

 pp. 127-136

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TOOLS AND TESTING OF THE ASSESSMENT OF BUDGET CAPACITY OF THE MUNICIPAL LEVEL (CASE STUDY OF THE RUSSIAN FEDERATION)

Mariya PECHENSKAYA-POLISHCHUK

PhD in Economics, Head of the Laboratory for Public Finance Development Issues Research, Leading Researcher, Vologda Research Center of the Russian Academy of Sciences, 49, Gogolya Street, Vologda, 160014, Russia

marileen@bk.ru

Abstract

Purpose. To detail the system of indicators and, on their basis, develop an integral index for assessing municipalities’ budget capacity level, which makes it possible to substantiate the choice of a model of financial support for the functioning of local budgets.

Design , methodology , approach. The information base includes works of leading Russian and foreign scientists on the issues under study, reports issued by the Federal Treasury of Russia and the Federal Tax Service of Russia, statistical data from the Federal State Statistics Service and the International Monetary Fund. The research is of complex nature, as it involves a set of fundamental general scientific and special methods, in particular, dialectical and logical methods, horizontal and vertical analysis of financial ratios, statistical and cluster analysis, etc.

Findings. The article presents a system of groups, indicators and author’s method for a comprehensive multidimensional assessment of the municipalities’ budget capacity level. On its basis it is possible to choose an optimal financial support model to support local budget functioning, worked out for municipal districts. The results of integral assessment of the data on the Vologda Oblast taken as a model region, indicate that budget capacity of most municipalities in 2006-2018 was at the average and below average level. Thus, the region misses certain opportunities for development of its budget capacity. At the same time, the conducted calculations show the prevalence of the fourth-type model of financial support for the settlement network, i.e. a differentiated approach depending on the indicator of budgetary provision of settlements.

Research , practical implications. The results obtained contribute to the development of theoretical science and form the foundation for applied use by state authorities and local governments in the implementation of methodological approaches, assessment methods, methodological tools for substantiating budget policy decisions, and can also be used in the scientific activity and educational process.

Originality , value. The scientific value of the research lies in the development of methodological tools for assessing the level of municipalities’ budget capacity when determining the model for financing settlements.

Keywords: Russian Federation, region, budget capacity, municipalities, local government, local budget, assessment

JEL classification: H77, G18, H61

 pp. 43-52

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