ACTIVATION OF ECONOMIC GROWTH, SOCIO-ECONOMIC AND FISCAL POLICY IN THE ARCTIC

The purpose of the article is scientific research and analysis of socio-economic processes and budget provision, innovation and investment development of the territories of the Arctic zone and the Northern Sea Route. The Arctic zone can become a promising area for economic growth in many areas of export and business development.Materials and Methods: The article is based on dialectical methods, methods of analysis, generalization, evaluation and forecasting, which make it possible to form a rational management decision within the framework of the long-term development of the Arctic zone of Russia. For a more complete presentation of scientific research and substantiation of the current trend of economic growth and development of the Arctic Territory and the NSR, the regulatory documents that regulate the activities of government agencies and businesses have been studied. The results of the study. The results of the study of economic growth and budgetary provision of the Arctic zone, as well as the application of tax and other benefits within the territories of advanced development are presented. The scale, efficiency, and profitability of investment projects in the Arctic zone and the Northern Sea Route require government regulation and solutions to the problems that have arisen.