Abstract: The subject of this research is the correlation between criteria of allocation of state subsidies to regional budgets and the dynamics of interregional inequality by budgetary capacity, measured on the basis of indicator proposed by the author. The object of this research is 83 constituents of the Russian Federation. The timeframe of the research includes the period from 2012 to 2014. Special attention is given to one of the key tasks of the state budgetary policy with regards to equalizing the constituents of the Russian Federation in budgetary capacity. As the means for solution of this task, the author considers the federal budget allocations to regional budgets for the corresponding purposes. The peculiarities of the technique of spatial allocation of state subsidies include: application of indicator proposed by the author that allows measuring budgetary capacity of the constituents of the Russian Federation; modification of the criteria of spatial allocation of state subsidies contained in methodology of allocation of funds for equalizing the constituents of the Russian Federation in budgetary capacity approved by the government of the Russian Federation. The scientific novelty consists in the development and testing of an alternative to official methodological approach towards allocation of federal subsidies for equalizing the Russian regions in budgetary capacity, which imposes fewer requirements on the size of the initial data sets, as well as features the more “transparent” and less complex algorithm of calculation procedures.