ASSESSMENT OF THE EFFECTIVENESS OF THE ECONOMIC POLICY OF THE SUBJECTS OF THE RUSSIAN FEDERATION BASED ON MONITORING INDICATORS OF SOCIO-ECONOMIC WELL-BEING

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Abstract
This article discusses current issues of assessing the effectiveness of economic policy in the regions of the Russian Federation. The authors substantiate the need to move from purely economic indicators of gross regional product growth to comprehensive indicators of socio-economic well-being of the population. The paper analyzes the mechanisms of program-oriented regulation, which are the main tool for the implementation of regional strategies. The research is based on the thesis that the effectiveness of public administration at the meso level should be measured through the prism of social performance and quality of life. In the course of the work, a systematic approach was applied to monitoring socio-economic indicators, which made it possible to identify a correlation between the volume of budget financing of regional programs and the dynamics of real incomes of the population, the unemployment rate and the availability of social infrastructure. The proposed assessment methodology makes it possible to more accurately verify the achievement of the sustainable development goals of territories and adjust management decisions within the framework of program-oriented planning. The practical significance of the work lies in the possibility of applying the findings of the executive authorities to optimize regional economic policy.