Current issues of budgetary policy of the subjects of the Russian Federation
Abstract. This scientific article investigates the current problems of budget policy in the subjects of the Russian Federation. This issue is quite relevant today, since the Russian economy is developing in difficult foreign economic and political conditions, which cause an imbalance in the budgets of all levels of the country`s budget system. This determines the content of the budget policy of the regions, which are forced to find funds to cover the budget deficit that has been forming for a long time, increase the volume of public debt, and at the same time fulfill their assumed expenditure obligations to ensure the achievement of priority goals of social and economic development. The purpose of this article is to identify current problems of the budget policy of the subjects of the Russian Federation and to determine the main directions for their solution. In the course of the study, the economic essence of the budget policy of the regions was determined, the analysis of the main parameters of subfederal budgets for the upcoming budget cycle was carried out, the main budget indicators of the Samara Region were assessed, problems of the budget policy at the regional level were formulated, and directions for the development of the budget policy of the subjects of the Russian Federation were designated. The main difficulties in the formation of the regional budget policy in modern Russia are the imbalance of budgets, the growth of debt obligations of the subjects of the Russian Federation, the reduction of opportunities for attracting transfers from the federal center, and ineffective management of the budget process.
Keywords: subject of the Russian Federation, budget, budget policy, budget expenditures, budget revenues, deficit, state program, public debt, interbudget transfers.
Hightlightts:
- the essence and role of the budget policy of subjects of the Russian Federation are considered;
- the analysis of key parameters of regional budgets of the Russian Federation is carried out;
- the assessment of budget indicators of the Samara region is carried out;
- current problems of budget policy at the regional level are identified;
- the main directions of development of the budget policy in subjects of the Russian Federation in modern socio-economic conditions are considered.
Larisa N. Golovacheva - Samara State University of Economics, Samara, Russia