Use of the budgetary potential in the Far North regions: evaluation and efficiency improvement possibilities

The article analyzes the use of the budgetary potential and identifies the factors influencing the management of this process. For the Far North regions, we have calculated the aggregate integral index for 2016-2020 that further helped in dividing the northern subjects of the Russian Federation into groups by use of the budgetary potential. The authors have identified the trends determining the specificity of the budgetary potential use and evaluated its efficiency in the Far North. Depending on the use of the budgetary potential in the northern regions, we have developed the possibilities for the regions’ further development which, in turn, will allow for increasing and efficient using of the budgetary potential.