Features of the formation of incomes of the consolidated budgets of the constituent entities of the Russian Federation

Oleg Sergeevich Fomin,Guzel Anasovna Salimova,Marina Nikolaevna Nadzhafova,Gilnara Rashitovna Nigmatullina,Vladimir Kirillovich Spilnichenko

doi:10.34069/ai/2021.48.12.27

Abstract

The article examines the features of the formation of incomes of the consolidated budgets of the constituent entities of Russia on the basis of a statistical assessment of the dynamics and structure of incomes of the consolidated budget. The study provides a comparative assessment of changes in budget revenues and their structure in indicative years 2005, 2010, 2015 and 2019, which makes it possible to identify the main trends and features of the formation of revenues of the consolidated budgets of the Russian Federation and regions of the Central Federal District in different time periods. Over the past 5 years, the growth rate of the revenues of the state budget of the country has decreased in comparison with previous periods, which is associated with the deterioration of the economic situation due to the economic crisis. Comparison of the growth rate of Russia's GDP with the growth rate of income for the main types of taxes made it possible to establish that taxation in the sphere of business is growing at a faster pace than the economy. In the context of the regions of the Central Federal District, significant differentiation remains, both in the absolute value of the volume of budget revenues, and in the specific weight of one or another type of taxes. The overwhelming share of budget revenues comes from personal income tax, the volume of receipts of which is growing most dynamically, as a result of which in 2019 its share varied from 21% to 40% by region.

Highlights

In accordance with the principles of state structure, the budget is the most important component of the country's economic mechanism, since it forms the financial basis for the activities of state bodies and the implementation of socio-economic policy
The total volume of revenues of the consolidated budget of the Russian Federation for the period under study increased to 38.4 trillion rubles, and for every 5 years between which the analysis is carried out, it shows high growth rates
It should be noted that in the past 5 years, the growth rate of the revenue side of the state budget of the country has decreased in comparison with previous periods, which is most likely due to the deterioration of the economic situation against the backdrop of the economic crisis

Summary

Introduction

In accordance with the principles of state structure, the budget is the most important component of the country's economic mechanism, since it forms the financial basis for the activities of state bodies and the implementation of socio-economic policy. The importance of the formation of an effective budgetary policy is to create, first of all, financial prerequisites for solving the most important tasks facing the state. In addition to financial support for solving current state issues, social policy is important, which is often one of the most problematic areas, since in conditions of a budget deficit, resources for the implementation of social projects are insufficient (Zyukin, Bystritskaya, Golovin, & Vlasova, 2020). In this regard, the formation and increase of the revenue side of the state budget in modern conditions, associated with its deficit, becomes an important task

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Results

Conclusion