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Development of a Mechanism of Increasing Tax Revenues to Regional Budgets through the Development of the Securities Market

Abstract

The paper explores the challenging issue of stimulating tax revenues to regional budgets. In the course of the study, the following results were obtained: a high degree of correlation of the levels of the development of the regional economy and the securities market was confirmed, the types of functional relationships between the participants in the securities market were determined, a mechanism of the development of the securities market in the interests of the regional budget was developed, a priority model of the interaction of the participants in the securities market was built, the effect (the growth of tax revenues) of implementing the changes within the framework of the proposed mechanism was evaluated. The obtained results are recommended for use in the development of the regional economic policy and programs for the socio-economic development of regions.

ALEXANDER EMELYANOVICH MILLER, IRINA GEORGIEVNA GORLOVSKAYA, ANDREY ALEXANDROVICH MILLER

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