CURRENT STATE OF THE FINANCIAL COMPONENT OF ECONOMIC ENTITIES OF THE REPUBLICS OF THE NCFD

Abstract

An assessment of the financial expenses of business entities within the framework of revenues to the budget of the Republic of the North Caucasian Federal District is given. The coronavirus epidemic has contributed to the economic development of all parts of the economic system. In terms of budget revenues of the regions of the North Caucasus Federal District, there are high subsidy budgets and a “chronic” dependence of the budget of the subjects of the North Caucasus Federal District on higher budgets. In the study, we consider business entities in the North Caucasus Federal District, which in turn are mostly represented by small and medium-sized enterprises, and their number varies depending on operating conditions. The article examines the main indicators characterizing the activities of business entities. An important indicator in characterizing business entities is the turnover of organizations in the federal district. Special taxation regimes are disclosed, which makes it possible to identify their positive and negative aspects, and therefore explains the annual additions and changes to the NCRF. Considering the difficulties that the Russian economy is experiencing, the main goal for the regions of the North Caucasian Federal District is not to get out of the current situation, but not to become even more dependent. According to the main socio-economic indicators, the regions of the North Caucasian Federal District occupy the last lines in the ranking of constituent entities of the Russian Federation. The budget revenues of the subjects of the North Caucasian Federal District are also low compared to other regions, and the level of subsidies to the budgets is high. A way out of the current situation is to develop the potential of the region; investment attractiveness plays an important and sometimes even key role in the development of regions.