Budget Risks of Russian Federation Regions, Determination and the Application in the Budget Process

Abstract

The article examines the definitions, main features and role of fiscal risks in the budget system. The classification of the budget risks which need to be considered at all stages of the budget process is provided in the paper. Need, and also the positive and negative moments from use of complex system on the identification, analysis and risks assessment are proved during the planning, implementation and forecasting of the budget policy of the region. The comparative overview of the analysis methods of the budget risks is also carried out.

DOI: 10.5901/mjss.2015.v6n4s4p362