Regulation and characteristics of reserving budget funds in Russian regions

Introduction. The relevance is due to the fact that very little attention is paid to this topic in domestic papers despite the importance of reserving budget funds as an instrument of countercyclical policy and sustainability of regional development. The purpose of the study is to identify the peculiarities of reserve funds regulation in the constituent entities of the Russian Federation, which will allow a better understanding of the motivation and incentives of the authorities and their risk management activities.