Abstract
An analysis of academic and practical experience of anti-crisis management in Russian regions has enabled to apply a new approach to modeling the dependence of regional development levels on allocated subsidies through the assessment of elasticity coefficients. Regions are divided into three groups based on the efficiency of subsidy use. The model has been tested using statistical data for 2021–2024. Further research directions are identified for adjusting the methodology for distributing subsidies to equalize the budgetary capacity of constituent entities of the Russian Federation and for developing new approaches to assessing the effectiveness of regional governance at the local level.