Budget policy of the Russian Federation in modern economic conditions
Abstract This article examines the main modern trends in the budget policy of the Russian Federation. The relevance of such scientific research is determined by the fact that the analysis of the state budget policy allows us to identify the main problems in the formation and use of budget funds, and to determine possible ways to optimize the process of managing national resources. This is of particular importance in the context of growing budget expenditures and public debt. The purpose of this article is to determine the main directions and features of the implementation of Russia`s budget policy in the current socio-economic conditions. The research carried out in the work showed that the budget policy currently being implemented in Russia uses countercyclical measures; its key directions are to ensure the efficiency of budget planning and expenditure of public financial resources. The latter is achieved through the reform of such instruments as government programs. An analysis of the main parameters of the federal budget was also carried out - revenues, expenses, deficits, and the share of program expenses in the total expenditure of funds from the national budget were studied. The problems of the budget policy of the Russian Federation identified during the study made it possible to determine the main ways and tools to overcome them.
Keywords: budget, budget policy, economic sanctions, budget expenditures, budget revenues, deficit, national priority, state program, project management.
Highlights:
♦ the main goals and directions of Russia`s budget policy are outlined;
♦ the content of the main reforms in the field of government program management was studied;
♦ an analysis of key indicators of the federal budget of the Russian Federation was carried out;
♦ the main tools and measures that can be used by the state to ensure the effectiveness of budget policy in modern socio-economic conditions are considered.
Larisa N. Mulendeeva - Samara State University of Economics, Samara, Russia