TRANSFORMATION OF POPULATION'S SAVINGS INTO INVESTMENT RESOURCES: REGIONAL AND MACROECONOMIC CONTEXT

Abstract

The article provides a comprehensive analysis of the private savings market, considered as a platform for mobilizing and effectively using the investment potential of the population. The structure and dynamics of the population's cash flows, including multicomponent systems of spending and savings operations, as well as the classification of savings by functional orientation, liquidity and organizational form are studied. Special attention is paid to the institutional aspects of the formation of savings and their transformation into financial instruments that promote capital formation and investment activity. In the context of sanctions restrictions and a decrease in the inflow of external capital, the role of domestic savings as a critically important source of financing for the Russian economy is analyzed. An overview of the differentiation of savings behavior is given and key factors influencing the level of trust in financial institutions and the choice of forms of savings are identified. The effects of monetary, fiscal, and institutional policies on structural changes in household savings and their role in stimulating long-term economic growth are considered. A justification is given for the need for comprehensive reforms and the development of the institutional environment to increase the effectiveness of the transformation of savings into investments and reduce socio-economic inequality.