data file for Sustainability of the regional financial system: a case study of the Northwestern Federal District.xlsx

This is a data calculation for sustainability of regional financial system and is case study of the Northwestern Federal District in Russia <br>This article covers the study of assessing the sustainability of Russian regions’ financial systems. The study is based on the methods of generalization and synthesis, correlation-regression analysis, and multivariate classification methods. Since the regional financial system is a complex formation, many scientific works are devoted to studying sustainability issues of the financial system. Nevertheless, the relevance of the study topic is confirmed by the lack of a systematic approach to assessing the integral index of sustainability and the possibility of using various tools in determining the complex indicator. The use of the author’s methodology with the application of the methods of mathematical statistics makes it possible to assess the financial system sustainability in four sectors, to include in the assessment the indicators having the nature of leading indicators, and also to identify regions with extreme values of debt burden indicators. <br>Testing of the methodology using open data for the regions of the Northwestern Federal District for the period from 2010 to 2019 made it possible to obtain the following results: to classify the regions of the district according to three levels of debt sustainability; to identify the indicators of debt, financial, corporative and personal sustainability; to substantiate the key sustainability indicators for each of the selected sectors; to raise the problem of the low level of the financial system debt sustainability in 35% of the regions of the Northwestern Federal District (NWFD). During the study, the criteria values of the debt sustainability indicators were statistically substantiated, regulated by the Russian Federation's budget code. An increased level of financial system sustainability among the regions of the Northwestern Federal District is observed in the corporative and personal finance sectors, which indicates a significant contribution of businesses and households to maintaining the balance and sustainability of the financial system in Russia as a whole. Also, the study results allowed to identify regions with a constantly high level of debt, financial, corporative, and personal sustainability: the city of Saint Petersburg, the Leningrad, and the Kaliningrad regions.<br><br>