PRIORITY DIRECTIONS OF FINANCING SOCIO-ECONOMIC DEVELOPMENT OF REGIONS IN AZERBAIJAN

The article outlines the essence of the state's regional policy and determines its main directions. Specifically, the criteria for determining the backward regions, which are of crucial importance in the formation of the regional policy of the state, have been substantiated. The article also substantiates the directions of financing the social and economic development of the regions. These justifications cover energy, transport and social development issues. The article outlines the factors that necessitate the state support to the development of the rural areas. The density of the population was noted as the main factor supporting the development of rural areas. Thus, in rural areas, due to low population density, both production and sales of products require large expenditures in comparison with urban areas.