Analysis of risks and threats to the region’s financial security
https://doi.org/10.53315/2949-1177-2025-4-3-19-30
Abstract
This article provides a comprehensive analysis of the risks and threats to the financial security of the Republic of Kalmykia. The study covers the budgetary, investment, and social spheres, identifying key vulnerabilities in the regional economy. Using a systems approach, the actual values of key indicators are assessed against financial security thresholds. The key challenges are identified as the budget’s high dependence on federal transfers, low economic diversification, critical poverty levels, and depopulation. A scenario-based assessment of the likelihood of these key threats, such as a reduction in inter-budget transfers, drought, and increased sanctions, is conducted. It is concluded that persistent negative trends are present, creating a cumulative effect and forming a vicious circle of problems. Strategic solutions are proposed for aligning the region’s financial system with sustainable development. The study’s results can be used by government agencies to develop targeted programs to strengthen the region’s financial security.
About the Authors
M. P. Sarunova
Kalmyk State University named after B.B. Gorodovikov
Russian Federation
Russian Federation
Candidate of Economic Sciences, Associate Professor
Elista
E. V. Orusov
Kalmyk State University named after B.B. Gorodovikov
Russian Federation
Russian Federation
graduate student
Elista
D. G. Khulkhachiev
Kalmyk State University named after B.B. Gorodovikov
Russian Federation
Russian Federation
graduate student
Elista
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Review
For citations:
Sarunova M.P., Orusov E.V., Khulkhachiev D.G. Analysis of risks and threats to the region’s financial security. Economic policy and financial resources. 2025;4(3):19-30. (In Russ.) https://doi.org/10.53315/2949-1177-2025-4-3-19-30
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