Public-private partnership as a factor of balanced regional development

Achieving equilibrium in socio-economic development of regions is of undisputed importance today. Therefore, our research investigates the issues of regional development on the basis of balancing regional budgets, which directly depends on the quality of implementation of regional government debt policy. Meanwhile, the efficiency of the policy should be estimated not so much by the level of the national debt growth characteristics and debt service outgoing, as by comparison of holding augmentation in the period considered with the investment cost of the public finance sector. It is very important to realize the long-term consequences of the given proportions in order to foster the possibility of the territory's economic growth. The main target of the research is to work out theoretical issues and practical recommendations in the sphere of territorial budgets equilibrium achievement on the base of public-private partnership development. Thus, we used such general scientific methods as analysis, comparison, scientific abstraction, and modelling. The analysis of statistical data has been carried out by means of correlation and regression analysis methods in "Statistica" program. As a result of studying regional budgeting in the Russian Federation, analyzing parameters of Perm Krai's budget in detail, as well as modelling possible ways of its development for a long-term period, we have made a conclusion about the necessity of public-private partnership development as the basis for budget equilibrium and sustainable regional economy growth. These procedures are able to increase the efficiency of investing with borrowed funds, which, as our study shows, stay beyond the limits of debt policy today.