Comprehensive assessment of financial stability of regional budget

The main parameters and regional budget state have been analyzed from the perspective of ensuring regional financial self-sufficiency. The issues and contradictions in forming conditions and prerequisites for ensuring regional budgetary and tax independence have been revealed. The purpose of the study is to systematically assess the regional budget indicators and identify the degree of its financial stability using the example of the Republic of Bashkortostan. Based on the computational and analytical method application using panel data for 2018–2024 changes in the financial stability of the regional budget of the constituent entity has been assessed. The analytical indicators system evaluation revealed that the republican budget had a normal state of stability as of January 1, 2025. At the same time, a significant improvement in the republican budget indicators in recent years has not ensured the budget restoration to the level of absolute stability. Calculations have shown that the Republic of Bashkortostan belongs to the group of regions with a high level of debt sustainability. The analysis confirmed the hypothesis of the study on existing financial budgetary and tax conditions and prerequisites for ensuring the independence and self-sufficiency of the Republic of Bashkortostan. The study results can be used in assessing and identifying problematic areas in forming regional fiscal independence and developing areas for its improvement.