Alferyev K.A.

The article analyzes the investment activity of the RF entities and its direct correlation with the regional debt liability growth rate. The purpose of the article is to assess the impact of the regional investment climate development on the effective debt policy of a RF entity. Methods. The comparative and statistical analysis method has been used in the research. Regions with the most and the least developed investment environment have been sampled for comparison, and a direct correlation has been made with the debt liability increase rates of these regions over 2010-2017 period.

Purpose. To determine the investment activity as a key factor affecting the relationship between the revenue and expenses of the regional budgets and possibilities of its use it to reduce the debt burden on the budgets of the regions. Methods. Statistical comparative analysis, content analysis of Internet Web sites. Results. In the article the problems of socio-economic development of regions, associated by the rise of their debt securities were considered and the factors influencing them were researched. The analysis of statistical data distinguishing the investment activity in Russian regions, with regions-leaders and regions-outsiders according to this indicator. Scientific novelty. The authors clarified the notion "investment activity in the region", considered not only as a process, but also as a tool to manage the financial and economic situation in the region, analyzed the nature of the impact of investment activity on the size of the debt in the region, offered a complex of modern forms and methods of control for improving debt policy of the region.