Impact of industrial development of the arctic territories on the financial development of municipalities

The main purpose of this study is to develop approaches to assessing the industrial development of the Arctic territories in conjunction with the financial balances of municipalities. The paper summarizes the Russian experience in the development of the Arctic territories, starting with the planned economy and ending with modern research in this area. The author proposed to consider the dynamics and directions of the formation of financial flows of municipalities using the methodology of the System of National Accounts. The objects of research were the Yamal municipal district and the city of Novy Urengoy (Yamalo-Nenets Autonomous Okrug), as well as the Turukhansk municipal district of the Krasnoyarsk Territory, since they are in different phases of industrial development. Calculations of the added value of the Arctic municipalities were carried out on the basis of tables on wages of all territories and regional tables of value added. This made it possible to compare the dynamics and volume of value added in the Arctic territories for 2013-2018. An analysis of value added by types of economic activity has been carried out, which allows both to determine the contribution of industries to the development of municipalities, and to compare the structure of value added at different stages of development of hydrocarbon deposits. The financial balances of municipalities for 2016 were formed, in general for all economic entities, more than 423 billion rubles were withdrawn from the economy of Novy Urengoy, almost 136 billion rubles were withdrawn from the economy of the Turukhansk region, and the Yamal region attracted financial resources in the amount of more than 373 billion rubles. Based on the results of the work carried out, it was concluded that the public sector is a significant channel for the outflow of financial resources, and the use of the rotational method of attracting workers for the development and operation of oil and gas fields does not allow the territories to “restart” household financial resources into the service sectors.