Approaches to selection of regional budget security indicators (on the example of the Russian Arctic regions)

The article deals with the approach to selection of regional budget security indicators in order to develop a system of parameters to assess the regional budget security. The approach is based on the principle of identifying the interests of economic agents. The satisfaction level of regional authorities, economic entities, and population is considered as a budget security indicator. The express analysis based on the materials from the Arctic regions of Russia indicated an imbalance of interests of economic agents, which is further confirmed by the decline in regional and population welfare due to reduction in regional product volume redistributed through budgets and by the decrease in businesses financial results in context of the changing world economy conditions. Balance of economic interests will be achieved by the increase in budget revenues and per capita incomes.