This article is dedicated to the development of a new approach to the formation of interbudgetary relations and the development and description of adequate economic and mathematical tools. This approach is focused, on the one hand, on how to get regional authorities interested in investing and, on the other, on how to economically compel them to invest in developing economic and tax potentials. The main idea of the authors is to make the growth of state and municipal services in regions rather strictly conditioned by their own income and to shatter the expectations that fiscal capacity can be improved solely through external support and interbudgetary transfers. The proposed model examines the ability of regional authorities to direct the available budgetary resources not only to provide for current expenditures but also to invest in the development of a region's economy, that is, to increase its economic and tax potential. The model calculations are illustrated using the example of the regions of the Siberian Federal District. The significance of the first calculation results considered in this article mainly lies in the methodology; the capabilities and properties of the model apparatus used are assessed in the first place. The nature of investment behavior at the level of the Siberian Federal District as a whole and the features of the dynamics of the regional fiscal capacity variation indicator are determined, as in any other mathematical economic model, by the accepted hypotheses relative to exogenous values. Their correspondence to real values is not specifically discussed.
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