Assessment of the financial potential of the region from the position of ensuring its economic security

In modern conditions, increasing the financial potential is a priority in the process of ensuring the economic security of the territory and achieving the strategic priorities of the national security of the Russian Federation and its constituent entities. Assessing the financial potential of the region is of crucial importance, since it helps to identify the strengths and weaknesses of the region, neutralize various destructive exogenous and endogenous factors and allows forecasting the future development of the territory. The formation of financial potential is based on the region’s own financial resources. The purpose of the scientific work is to study the state of the financial potential of the Republic of Mordovia from the standpoint of indicators of economic security of the region. The theoretical basis for the study when writing the article were regulatory documents, publications of domestic and foreign scientists, analytical reviews and materials of regional financial management bodies. The methodological basis of the study was systemic and indicative methods, induction and deduction methods, a combination of historical and logical, correlation and regression analysis. The results obtained: it has been proven that the financial potential of the region plays a significant role in increasing the economic security of the territory; the indicators have been studied and an assessment has been given to the factors influencing the value of the financial potential of the Republic of Mordovia.