Formation of the strategy of socio-economic development of the subject of the Russian Federation in modern conditions

Introduction. If until the 90s the issues of socio-economic development of the constituent entities of the Russian Federation were rather tough, then they had to be monitored and controlled from Central Europe, and then at the federal level in management in order to be able to use socio-economic policy depending on the emerging situations. The problems of the existence of the socio-economic development of the constituent entities of the Russian Federation still need more effective approaches, models and algorithms. Aim of the study is to form a strategy for the socio-economic development of individual subjects of the Russian Federation in modern conditions. Materials and methods. As part of the materials and methods, one can point to the analysis of approaches, methods and models of socio-economic development of regions presented in the scientific and technical literature, as well as the results of their implementation in the practice of managing the subjects of the Russian Federation. Results. The article substantiates the main scientific provisions and recommendations for the formation of a strategy for the socio-economic development of the regions of the Russian Federation. In particular, a set of scientific provisions has been developed that allow for the improvement of the management of the socio-economic development of certain regions, depending on the socio-economic situations developing there. Conclusion. It is advisable to form a strategy for the socio-economic development of the constituent entities of the Russian Federation on the basis of scientific provisions and recommendations mentioned in this article in relation to the local specific features of the region.