BUDGETS OF THE RUSSIAN REGIONS BEFORE AND AFTER THE INTRODUCTION OF THE TAX CODE OF THE RUSSIAN FEDERATION

Abstract

In the conditions of a federal system, division of the budget into federal, regional and local levels is justified. For this reason, taxes are also distributed among the levels of the budget system. Each subject of the Russian Federation has its own budget, budget expenditure powers are regularized to it. For these purposes, the budget must have the financial resources necessary to cover its expenditures, as well as ensure the socio-economic development of the territories at a decent level. The article examines the revenues of regional budgets before and after the introduction of the Tax Code of the Russian Federation. Since 2005 to the present, the list of regional taxes including the transport tax, the corporate property tax and the gambling tax has been in force. Local taxes are also credited to the consolidated budget of the subjects of the Russian Federation; their list is limited to two taxes: the individual property tax and the land-value tax. Based on official data from Rosstat and the Ministry of Finance of the Russian Federation for a period from 2003 to 2020, it is concluded that the taxes assigned to the regions are ineffective; they cannot ensure the progressive development of territories.