Financial position of the Republic of Khakassia and investment policy (analytical note)

The analysis of this analytical note the Ministry of Economics for 2013 was shown by some increases in economic indicators of the Republic of Khakassia. Indicators are provided on the official site of the Government of the Republic ^[1] which is the share of the population of RH from 522 thousand to 530 thousand people inclusive with emigrant issue of other republics and states.

The blank budget without non-paid receipts makes 11 billion 586 million rubles. The rating amount of RH is 148 million rubles, considering that further development in an investment method will be considerably reduced in 2014, follows will expect decrease in the amount of non-paid receipts for a covering of deficit of financing of the budget of RH to be absent in significant amounts. Both there will be much lower than 3 billion 958 million 600 thousand and will not exceed 1 billion 350 million rubles. Unemployment rate to increase again, the average salary at best will not exceed 23.58 thousand rubles. Deterioration in living standards and falling of economic indicators are inevitable. Outflow of the financial resources falling on working migration taking into account average salary will be:

23.58 X 8000=188mln.640 one thousand.

The investment policy accepted earlier according to different programs will be the reasons, independent of RH, insolvent and impracticable on a row.

However, considering the development accepted the innovation rate in RH, will demand additional financing and acquisition of technologies in economy and in industrial production. The lack of financing can be covered, without reducing living standards and without resorting to credit and financial transactions in the Central Bank of Russia. It can be executed the next way:

1) Adoption of law or amending mortgage lending with its reorganization in stable system of a loan on security in the future, housing for the population. This method assumes on the basis of contractual commitments, payment of an estimated amount in the amount of 0.1-0.25 from average salary each person in need in housing. The amount of assignments with value 0.1 from salary for October, 2013 is 25.800 thousand and will be equal 2tys580rub. monthly assignments by each able-bodied member of society RH (332.0 thousand people ^[2]). Thus, total amount will be in a year:

2580Х332000=856 million rubles

What practically covers a big share of the demanded amount on the investment policy pursued in RH. It will practically cover requirements of all programs including financed and by the residual principle.

2) Amending the labor law and a private entrepreneurship will demand for preserving capital investment of money not only in Russia, but also in RH, to make changes to the general principle of distribution of responsibility of the private sector of economy and state which makes the amount within 7-10% for today. Thus, the state gives a guarantee for financing of an entrepreneurship in the amount of 50%, other 50% are entered by entrepreneurs, the groups (G), joint-stock companies. It will give the chance to the state (state-owned property) to reach amounts to 25% in economy and to prevent leakage of the capitals, competent specialists abroad, will allow to finance 50/50% on the basis of the corresponding profit distribution and will allow to finance space, research, innovation projects and programs. In general, by the end of 2014-2017 the amount of receipts of financial resources will be double (2.87 times from the amount of today's financial resources in RH). Total amount of expected means will be:

15 billion 544 million 600 thousandX 2.87 = 44 billion 613 million 2 thousand rubles.

Thus, the existing living standards and policy of financing of all branches of the economy of RH remain. Besides gives the additional chance of private sector development of economy and participation of the state in financial transactions of large and medium business. On the basis of it develop the construction industry which on the signed agreements will distribute living spaces the person in need with their subsequent privatization, increasing the amount of the property taxes

1 billion 585 million 900 thousand X 2.87 = 4 billion 551 million 533 thousand rubles. In general tax revenues will reach 11 billion 586 millionX 2.87 = 33 billion 251 million 820 thousand.

3) Proceeding from the total amount of tax revenues the solution of social programs, pensions, salary of public institutions and enterprises is possible. Pensions, salary it is possible to increase by 1.7 - 2 times. The remained amount is supposed to use as a reserve in subsidized areas of RH.

The basic flowchart of receipts and distributions of additional financial resources, is stated tekstualno below:

All contractual and financial transactions are performed through the enterprises the company of firm and joint-stock companies together with Bank of Russia (Sberbank), stipulating in the agreement the period of payments and receiving housing, together with the enterprise for construction (won the tender) which undertakes to construct and submit housing within the specified term and receives the corresponding financing. The innovation method of development of RH is the most acceptable, but without solution of social problems, by the described above method is impossible owing to obtaining lower amounts of financial resources.

Possible problematic issues:

• The low level of labor resources, their general and vocational education and the equipment as the tractor park of agriculture requires updating for 80 and more percent.
• Further education reform with studying of a true story and the objects promoting the higher technical education is necessary.
• It is necessary not only formation of fundamentals of metallurgy in RH, but also its expansion using further highest technologies, up to nano, especially in the field of microelectronics: chips and BAS (big integrated and analytical schemes). Only thus it is possible to exclude outflow of talented and competent specialists.
• At the enrichment enterprises, excepting chemical and thermal emissions in the atmosphere, passing receiving high extent of cleaning and creation of conglomerates to biological reagents.

Notes