Assessment of the level of economic security of Ushakovsky municipality of Irkutsk district of Irkutsk region

Abstract

The assessment of the level of economic security of a municipality is one of the most important components of ensuring its sustainable development and resilience to internal and external threats. Economic security at the municipal level includes the ability to maintain financial stability, support socio-economic development, and protect the interests of the population. Key indicators of economic security include budget balance, dependence on inter-budgetary transfers, unemployment rate, influx of investments, and level of infrastructure development. Analyzing these indicators allows us to identify the main issues facing the Ushakov municipal formation: high dependence on inter-budgetary transfers (over 50% of budget revenues are generated from transfers, making the municipality vulnerable to changes in regional or federal funding policy); limited diversification of the economy (the predominance of agriculture increases vulnerability to market and climatic changes; a low level of private investment, which limits the development of infrastructure and the economy of the area; social issues (lower than average salaries and a small manufacturing sector limit the standard of living and employment opportunities). Considering the results of the conducted research, the municipal authorities of the Irkutsk municipal district should make adjustments to their development strategy, which is highly relevant in light of the upcoming municipal elections.