The Financial Component of the Economic Security of the Countries of the Eurasian Economic Union
https://doi.org/10.21869/2223-1552-2023-13-2-24-38
Abstract
Relevance. The deepening of integration processes within the EEU requires new approaches to managing economic security. The economic interdependence of the EEU countries no longer allows ignoring each other's problems. The unstable state of one economy negatively affects others and the whole Union. Financial security, as part of economic security, is determined by the directions of budget policy and the degree of budget execution.
The purpose of the study is to assess the financial security of the member countries of the Eurasian Economic Union, which is part of their economic security.
Objectives: to substantiate the need to assess the financial security of the EEU countries; analyze the execution of the consolidated budget of the EEU countries; assess the income and expenditure of the consolidated budget of the EEU countries; to identify problematic points in the implementation of the budgetary policy of the EEU countries.
Methodology. In the course of the research, such scientific methods as the empirical method, comparative analysis, vertical and horizontal analysis, induction and deduction methods, the method of a systematic approach, as well as other methods allowing for a comprehensive study were used. The materials of the study were data from the EAIS, the Federal Customs Service of Russia, as well as Rosstat of Russia.
Results. It is revealed that the EAEU countries have significant differences in budget policy. The analysis showed that the most financially weak countries are Armenia and Kyrgyzstan. The most balanced budget is in Belarus, and the most socially oriented is in Russia. Due to the unfavorable environment, Armenia spends a significant part of its expenditures on defense, which affects its development.
Conclusions. The EEU countries need to stabilize the immediate environment of the association, and the second stage, to form an optimal model structure of the revenue and expenditure parts of the budget, which will ensure the comprehensive financial security of the association. The unification of the budget policy will have a positive impact on the development of the association and its members. A single budget policy will create a territory in which fiscal payments will be unified, and the vectors for the development of the national economies of the Union will be coordinated.
Keywords
About the Authors
A. A. GolovinRussian Federation
Artem A. Golovin, Cand. of Sci. (Economics), Associate Professor, Associate Professor of the Department of Customs and World Economy
50 Let Oktyabrya Str. 94, Kursk 305040
A. A. Golovin
Russian Federation
Aleksey A. Golovin, Dr. of Sci. (Economics), Associate Professor, Professor of the Department of Economic Theory
9 Stantsionnaya Str., Kursk 305044
O. I. Shinkareva
Russian Federation
Olga I. Shinkareva, Student of the Department of International Relations and Public Administration
50 Let Oktyabrya Str. 94, Kursk 305040
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Review
For citations:
Golovin A.A., Golovin A.A., Shinkareva O.I. The Financial Component of the Economic Security of the Countries of the Eurasian Economic Union. Proceedings of the Southwest State University. Series: Economics. Sociology. Management. 2023;13(2):24-38. (In Russ.) https://doi.org/10.21869/2223-1552-2023-13-2-24-38