Budgetary and Debt Instruments for Ensuring the Sustainable Development of the Constituent Entities of the Russian Federation

The subject of the research is budgetary and debt instruments for ensuring sustainable development of the subjects of the Russian Federation. The purpose of the work is to assess the compliance of the instruments available to the subjects of the Russian Federation in the form of regional budget resources with sustainable development goals. Based on a comparison of the volume of budget resources of the constituent entities of the Russian Federation and the regional ranking indicators for achieving the Sustainable Development Goals, there is no direct link between budget revenue parameters and the results of activities in the field of sustainable development, meaning that any subject of the Russian Federation can successfully solve their tasks within the available capabilities. The article evaluates the compliance of expenditures of the budgets of the subjects of the Russian Federation according to the current budget classification with the goals of sustainable development and proves that based on the grouping of expenditures by sections of the budget classification, it is possible to verify only their indirect compliance. The directions of influence of regional budgets on the sustainable development of municipalities are determined. The assessment of debt instruments available to the subjects of the Russian Federation in modern conditions to ensure the achievement of sustainable development goals is given. It is concluded that the orientation of expenditures of the budgets of the constituent entities of the Russian Federation towards financing the Sustainable Development Goals implies an expansion of approaches to the classification of expenditures, as well as the development of accounting methods that will more clearly demonstrate the achievements of the regions in financial support of sustainable development.