Development and implementation features of the regional budget in Soviet modernization conditions of the late 1920s – 1930s on the Lower Volga region example

Importance. The regional aspect in the development of the finance theory and practice in the Soviet industrialization initial period is considered. During this period, industry and agriculture made a huge qualitative and quantitative leap. Despite the prescription, positive developments in the economy continue to arouse great interest among a wide range of researchers, including historians.Research methods. The principles of historicism and objectivism made it possible to analyze the main aspects of state financial policy and the methods used by the regional authorities to achieve high results in budget execution.Results and Discussion. During the first five-year plan, the financial system of the USSR underwent a significant reorganization, which was caused by the need to mobilize all monetary resources for the needs of forced industrialization. Based on a wide range of sources, it was revealed that during this period new forms and methods of replenishing the state budget, ways of redistributing resources in favor of heavy industry were found and mechanisms of interaction between central and regional financial authorities were tested.Conclusion. The process of Soviet industrialization directly depended on the sources of financing. In this regard, a significant transformation of the entire financial system of the USSR was carried out. In addition, tax instruments made it possible to resolve the contradictions of the New Economic Policy and completely switch to the socialist economy model. State ownership has become predominant.