Abstract
The article deals with the economic and legal foundations of budgetary and tax federalism as fundamental principles of organization of the system of state and municipal governance in federal states. The system of distribution of budgetary and tax powers between all levels of government in the course of realization of the budgetary process is studied. The existing uncertainty of interpretations of budgetary and fiscal federalism reduces the possibility of their effective use in the process of developing managerial decisions at all levels of government. The budget model applied in the Russian Federation, based on the constitutional and contractual norms of delimitation of budgetary and tax powers, has distinctive features of the construction and functioning of the budgetary system. This leads to a decrease in the budgetary sustainability of most Russian regions, maintaining a high level of differentiation of the subjects of the Russian Federation in terms of fiscal capacity. The study characterized the main theoretical approaches to the concepts of budgetary and fiscal federalism, analyzed the implementation of the current budgetary and tax mechanism, in the context of existing problems and possible risks of financial sustainability of budgets of the budgetary system.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
