Velichko A.V. PROBLEMS OF THE BALANCE OF THE STATE BUDGET AND ECONOMIC GROWTH IN THE RUSSIAN FEDERATION
DOI: https://doi.org/10.15688/ek.jvolsu.2020.1.14
Alexander V. Velichko
Candidate of Sciences (Economics), Associate Professor, Department of Economics and Management, Moscow Aviation Institute, branch “Vzlet”, Dobrolyubova St., 5, 416501 Akhtubinsk, Russian Federation, This email address is being protected from spambots. You need JavaScript enabled to view it. , https://orcid.org/0000-0003-0080-26630000-0003-0080-2663
Abstract. The budget policy pursued in the Russian Federation in recent years has generated a number of negative trends, including a reduction in the resource potential of the budget system. A model of the budget mechanism for regulating socio-economic processes is considered. All blocks of the budget mechanism operate using various methods, that is, techniques, methods and conditions that determine the volume and movement of budget resources. The methods of calculating budget revenues, the procedure for making payments, the principles and conditions of budget financing, various sanctions are constituent parts of the budget mechanism. Structural changes in economy may be associated with the possibilities of influencing through specific types of budget revenues and expenditures on the economic interests of economic entities. Such approaches help to transform the types of budget revenues and expenditures into incentives for economic development and increase its efficiency. In all states, at various stages of historical development, taxes performed primarily a fiscal function centralizing a certain part of the gross domestic product (GDP) in the state budget in order to finance public spending. Thearticle analyzes the main problems of improving the budget system of the Russian Federation, first of all, increasing the share of federal budget revenues (expenses) in GDP, as well as increasing the share of direct taxes in relation to indirect taxes during the period of economic growth. Economic growth must be considered in the context of solving the problem of huge receivables and payables between enterprises, which significantly exceed the annual consolidated budget of the Russian Federation and by the end of 2017, amounted to 40,258 and 44,481 billion rubles, respectively.
Key words: state budget, budget system, budget revenues, budget expenditures, budget mechanism, economic growth, gross domestic product.
“PROBLEMS OF THE BALANCE OF THE STATE BUDGET AND ECONOMIC GROWTH IN THE RUSSIAN FEDERATION” SYSTEM by Velichko A.V. is licensed under a Creative Commons Attribution 4.0 International License.
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