Main Approaches to the Implementation of Budget Policy Under the Conditions of Sanctions

Abstract

The formation of the main financial document of the country for the next budget cycle was carried out in the face of growing sanctions pressure. Trade, technological, financial restrictions on the part of a number of states have necessitated the adoption of systemic measures aimed at structural restructuring and technological modernization of the economy. Accordingly, the Government of the Russian Federation faced a serious task of financing priority measures to reorient export deliveries, develop transport and logistics corridors, digitalize sectors of the economy, ensure production chains within the country, technological sovereignty, stimulate entrepreneurial, private investment, innovative activity, develop the financial system, increase flexibility labor market. At the same time, it is mandatory to maintain a balanced budget system. The article discusses the main approaches to the implementation of budget policy, the formation of the federal budget, the definition of mechanisms for financial support of the constituent entities of the Russian Federation in order to ensure the sustainability of budgets at all levels.