THE ROLE OF PUBLIC LOAN IN THE FORMATION OF THE STATE BUDGET POLICY OF THE RUSSIAN FEDERATION
The study considers the problem of the relationship of financial and credit relations, which found expression in the content of the economic category “state credit”. In the course of the study, the role of state credit in the formation of the budget policy was revealed. The analysis of the debt policy of the Russian Federation in the current conditions of economic development showed its significant impact on the parameters of the state budget policy. To ensure macroeconomic stability and balanced development of the state in the medium term, it is planned to form a structural deficit of the federal budget of the Russian Federation, which requires a balanced approach to the implementation of policies in the field of public credit management.
Keywords: state credit, fiscal policy, budget deficit, public debt, domestic debt, external debt.
Highlights:
the dualistic nature of the economic category “state credit” is shown, combining the signs of financial and credit relations;
the main indicators characterizing the debt policy of the Russian Federation are analyzed;
the role of state credit in the formation of the state budget policy is considered.
Larisa N. Mulendeeva, Candidate of Economics, Associate Professor of the Department of Finance and Credit of Samara State University of Economics.