Financial and economic aspects of the development of mountain regions in the Russian Federation

Dagestan State University, Makhachkala, Russia

^* Corresponding author: fefnews@mail.ru

Abstract

Mountain areas are a common national heritage, containing a significant part of unique natural and recreational resources, as well as a place for storing ethnocultural and historical traditions. Currently, about 15% of the human population lives in mountainous areas. In this regard, the problems of development of mountain areas are system-wide and inherent in all countries of the world. At the present stage, the development of mountain territories is carried out almost entirely through budget financing, and therefore the problem of increasing the optimization of the use of budget resources, as well as the formation of effective mechanisms for attracting private investment funds, are relevant and priority. The methodological approaches developed by the authors for optimizing the system of financing the sustainable development of mountain territories, which are systemic in nature and contain directions for optimizing the interaction of three forms of financing, seem quite timely and relevant. The main results of the study are the development and justification of a mechanism for financial support for the development of sustainable development of mountain territories, which, unlike existing ones, takes into account the specific features of mountain territories, and is also based on the possibility of transforming forms of financing (budgetary, private and mixed).