scholarly journals Consolidated Budgets of the Subjects of the Russian Federation in 2020: Opportunities for Fulfilling Obligations in the Context of the Crisis

Federalism ◽  
2021 ◽  
pp. 207-220
Author(s):  
L. N. Lykova
Keyword(s):  
Russian Federation ◽  
Income Tax ◽  
Budget Deficits ◽  
Intergovernmental Transfers ◽  
Pronounced Increase ◽  
Global Pandemic ◽  
Regional Budget ◽  
Support Employment ◽  
The Russian Federation ◽  
Regional Budgets

In the context of the economic crisis of 2020, triggered by the global pandemic, regional budgets faced a pronounced drop in tax revenues. The regions, whose economy is based on the extractive sector and metallurgy were most seriously affected. The drop in corporate income tax receipts in some regions was critical. At the same time, due to the implemented measures to support employment and income of the population, the personal income tax receipts have even increased. The most important element of supporting regional budget revenues was a significant increase in federal transfers. In fact, all categories of intergovernmental transfers (grants, subsidies, subventions, and other transfers) were used to support regional budgets. At the same time, the most financially prosperous subjects of the Russian Federation solved the problems that arose mainly at the expense of their own reserves. The result was the ability of the regions to increase spending in the most important areas (health, social policy). Nevertheless, it was not possible to avoid a pronounced increase in budget deficits of the subjects the Russian Federation and an increase in the volume of state sub-federal debt.

scholarly journals Regional Budgets: Results of 2019, Prospects for 2020

Federalism ◽  
2020 ◽  
pp. 114-131
Author(s):  
L. N. Lykova
Keyword(s):  
Growth Rate ◽  
Russian Federation ◽  
Income Tax ◽  
Economic Recession ◽  
High Growth ◽  
High Rate ◽  
Excise Tax ◽  
Regional Budget ◽  
The Russian Federation ◽  
Regional Budgets

In 2019 the regional budgets revenues grew at a high rate, including due to the outpacing growth of Federal transfers under the condition of the economic recession. Corporate income tax, personal income tax and excise tax receipts provided the growth of own income, while property tax receipts decreased. The growth rate of regional budget expenditures was significantly faster than the growth rate of revenues. The priorities of the subjects of the Russian Federation were healthcare and the national economy. High growth rates of expenditures did not always lead to an increase in the volume of public debt – its total amount decreased by the end of the year. Only in some regions of the Russian Federation there was a significant increase in the amount of debt. Estimates of possible budget revenue losses that regions will inevitably face in the context of the impending economic crisis allow us to identify a group of Russian regions for which these problems will be most acute.

scholarly journals REGINAL BUDGETS IN THE FIRST QUARTER OF 2019: IS THERE GROWTH POTENTIAL?

Federalism ◽  
2019 ◽  
pp. 172-185
Author(s):  
L. N. Lykova
Keyword(s):  
Russian Federation ◽  
Income Tax ◽  
Federal Budget ◽  
Growth Potential ◽  
Budget Deficits ◽  
Personal Income Tax ◽  
Revenue Growth ◽  
The Russian Federation ◽  
Regional Budgets ◽  
Budget Revenue

There has been an increase of the RF subjects consolidated budgets revenues in the first quarter of 2019. It takes place together with the slowdown in economic growth. The basis of this budget revenue growth was formed by corporate income tax receipts (results of final calculations of previous year), personal income tax and excise. In contrast to the Federal budget, the subjects of the Russian Federation used most of the revenue growth to increase  funding at the beginning of the year. Тhus, in the first quarter of the year, the priorities for the consolidated budgets of the subjects of the Russian Federation were education, social policy and housing and communal services. At the same time, the volume of investments in fixed capital at the expense of regional budgets has significantly decreased, largely determining the overall dynamics of this indicator. The problem of budget deficits remains for several Russian regions despite the positive dynamics of revenues. It requires restraining the growth of key budget expenditures.

scholarly journals Financial Stability of Regional Budgets in Conditions of Cyclic Development of the Russian Economy. Part 1

2021 ◽  
pp. 123-132
Author(s):  
Tatyana Zhuravleva ◽  
◽  
Elena Semenova ◽  
Olga Goltsova ◽  
◽  
...  
Keyword(s):  
Russian Federation ◽  
National Economy ◽  
Financial Stability ◽  
Federal District ◽  
Scientific Article ◽  
Russian Economy ◽  
Rostov Region ◽  
Regional Budget ◽  
The Russian Federation ◽  
Regional Budgets

This article is devoted to a comparative analysis of the financial stability of the development of regional budgets of certain constituent entities of the Russian Federation – Rostov Region, Republic of Kalmykia and Orel Region in comparison with the dynamic fluctuations of Russia’s economic development over the period 2010–2019. The relevance of the research topic is due to the need to create a methodology for assessing the financial stability of regional budgets of the constituent entities of the Russian Federation. The purpose of this scientific article is to study and test the methodology suggested by the authors for the analysis of financial stability of regional budgets of Russia in the process of cyclical changes in the financial and economic environment of the national economy, as well as to demonstrate its practical application. The regional budgets of such constituent entities of the Russian Federation such as Rostov Region, Republic of Kalmykia, which are part of the Southern Federal District, and Orel Region, which is a constituent entity in the Central Federal District, were selected as the objects of the study. The authors define the subject of research as a system of financial and economic indicators that characterize the implementation of regional budgets of territorial units under analysis in the period 2010–2019. The obtained statistical data for the regions under analysis will be used in the subsequent material for the tests of the suggested methodology. When choosing the criteria for the assessment of the independence of the regional budget, the authors rely on the fundamental budget parameters, including its effectiveness, financial stability and balance of the revenue and expenditure parts of the budget. When analyzing the dynamics of the level of stability of the regional budgets of Rostov region, Republic of Kalmykia and Orel region, it was found that the region with a more developed social and economic infrastructure is more comfortable with cyclical shifts in the national economy (with the least losses, both for further development prospects of the region and for the population living in this territory). For regions where the social and economic situation is deteriorating, economic crises in the country have a multiplier effect, increasing both the gap in comparison with the developed regions of the Russian Federation, and the degree of imbalance of the regional economy and finance.

scholarly journals Expenditure obligations of the constituent entity of the Russian Federation in the social sphere in the budget structure

2021 ◽  
pp. 82-88
Author(s):  
O. S. Zabralova
Keyword(s):  
Russian Federation ◽  
Social Orientation ◽  
Planning Period ◽  
Social Sphere ◽  
Regional Budget ◽  
The Social ◽  
The Russian Federation ◽  
Regional Budgets ◽  
Sociological Studies

One of the most pressing issues in financial law is the determination of the place of expenditure obligations for the social sphere in the structure of the regional budget. Expenditure obligations of a social orientation are legally fixed in the Budget Code of the Russian Federation, as well as in the legal acts of the subjects of the Russian Federation regulating budget relations for the financial year and the planning period. The analysis of the content characteristics of expenditure obligations in the social sphere and the practice of their consolidation in regional budgets, indicates the priority nature of their financing, as indicated by both conducted sociological studies and developed and tested methods, in particular, the assessment of the elasticity of expenditures on budget revenues. 

Assessment of the factors contributing to the formation of regional budget of the Khanty-Mansi Autonomous Okrug –Yugra

2021 ◽  
pp. 11-21
Author(s):  
Elena Viktorovna Shirinkina
Keyword(s):  
Russian Federation ◽  
Practical Importance ◽  
Federal State ◽  
Theoretical Substantiation ◽  
Regional Budget ◽  
Financial Framework ◽  
The Russian Federation ◽  
Regional Budgets ◽  
Khanty Mansi Autonomous

  The relevance of this research is substantiated by the currently growing role of financial relations in the formation and execution of budgets of the constituent entities of the Russian Federation. The formation and implementation of budgetary policy of the Russian Federation determines the economic and financial framework for functionality of the region and life of the society as a whole. The goal is to assess the factors contributing to the formation of regional budget of the Khanty-Mansi Autonomous Okrug – Yugra. The subject of this research is the revenues and expenditures of the budget of Khanty -Mansi Autonomous Okrug – Yugra. Practical importance of the conducted research lies in the obtained results that allow the regional budgets to choose the way for improving budget security. The information base is comprised of the scientific works of Russian and foreign authors, educational-methodological publications, materials of the scientific conferences dedicated to the formation of regional budgets, legislative and normative acts of the Russian Federation, reference materials of the Federal State Statistics Service Of the Russian Federation. The main conclusion consists in determination of the factors influencing the regional budget of the Khanty-Mansi Autonomous Okrug – Yugra. The author's special contribution lies in evaluation of the specificity of formation of budget of the Khanty-Mansi Autonomous Okrug – Yugra, as well as the methods aimed at minimization of budget risks for solution of the regional budgetary problems. The formulated recommendations for increasing budget security would promote the innovative development and improvement of budgetary and tax relations of the regional budgets. The theoretical significance consists in advancement of the theory of regional economy. The acquired results can be applied in theoretical substantiation of the strategic tasks of managing regional budgets.  

scholarly journals Modern Approaches to Ensuring the Receipt of Corporate Income Tax in the Regional Budget

2021 ◽  
Vol 12 (1) ◽  
Author(s):  
Tatyana Shchukina ◽  
Lkhama Rabdanova
Keyword(s):  
Russian Federation ◽  
Income Tax ◽  
Corporate Income Tax ◽  
Negative Consequences ◽  
Economic Activities ◽  
Tax Revenues ◽  
Income Sources ◽  
Regional Budget ◽  
The Russian Federation ◽  
The Impact

The article considers the main factors that influence the dynamics of corporate income tax receipts in the regional budget. Thus, changes in federal and regional legislation, the expansion of the tax base, and the improvement of the administration of income sources have the greatest impact. The performance of tax revenues of the consolidated budget of the Trans-Baikal Territory is analyzed, and the share of this tax in the total amount of tax revenues of the budget in 2017-2020 is shown. It is noted that the underestimation of the corporate income tax in 2020 is associated with the negative consequences of the impact of the spread of the new coronavirus infection on the region's economy, which led to a slowdown in the work of certain industries and to a significant decrease in economic activities of the region. The ways of increasing the receipts of corporate income tax in the budget of the subject of the Russian Federation are shown, namely through strengthening the interdepartmental interaction of the regional state authorities with the local offices of the Federal Tax Service of the Russian Federation, the ability to independently decide on the provision of appropriate tax benefits in the territory of the region, reduced rates, other preferences for corporate income tax or refusal of it, and others.

scholarly journals Consolidated Budgets of the Subjects of the Russian Federation in the First Half of 2021: is the Crisis Ended?

Federalism ◽  
2021 ◽  
Vol 26 (3) ◽  
pp. 105-120
Author(s):  
L V. Lykova
Keyword(s):  
Social Policy ◽  
Russian Federation ◽  
National Economy ◽  
Income Tax ◽  
High Growth ◽  
High Growth Rate ◽  
Raw Material ◽  
Pronounced Increase ◽  
Federal Subsidies ◽  
The Russian Federation

In the first half of 2021, positive trends in the economy led to a pronounced increase in revenues of the consolidated budgets of RF subjects. Corporate income tax and personal income tax receipts increased most significantly. In most subjects of the Russian Federation, this year’s revenue growth has compensated for last year’s drop, but in a number of regions whose economies have a raw material orientation, the 2019 pre-crisis year indicators have not yet been exceeded. The total amount of the federal transfers remained practically at the level of 2020. At the same time, the structure of this aid has changed significantly. Unconditional grants receipts have decreased and subsidy receipts have increased significantly. The growth of expenditures of sub-federal budgets lags behind the dynamics of revenues, ensuring a pronounced budget surplus. The main areas of spending remain social policy, education and the national economy. Federal subsidies account for a significant portion of the increase in spending on social policy. The high growth rate of expenditures on the national economy is largely ensured by one subject of the Russian Federation Moscow. Health care spending, which grew ahead of schedule in 2020, has declined this year, but remained above precrisis 2019 levels. While in general all subjects of the Russian Federation executed their consolidated budgets in the first half of the year with a surplus, in a number of regions there is a budget deficit. In several regions, the surplus values turned out to be very significant due to the growth of income, which was not predicted.

scholarly journals Assessment of the factors contributing to the formation of regional budget of the Khanty-Mansi Autonomous Okrug –Yugra

2021 ◽  
pp. 1-22
Author(s):  
Svetlana Railovna Muratova ◽  
Roza Gafarovna Bukanova
Keyword(s):  
Russian Federation ◽  
Practical Importance ◽  
Federal State ◽  
Theoretical Substantiation ◽  
Regional Budget ◽  
Financial Framework ◽  
The Russian Federation ◽  
Regional Budgets ◽  
Khanty Mansi Autonomous

The relevance of this research is substantiated by the currently growing role of financial relations in the formation and execution of budgets of the constituent entities of the Russian Federation. The formation and implementation of budgetary policy of the Russian Federation determines the economic and financial framework for functionality of the region and life of the society as a whole. The goal is to assess the factors contributing to the formation of regional budget of the Khanty-Mansi Autonomous Okrug – Yugra. The subject of this research is the revenues and expenditures of the budget of Khanty -Mansi Autonomous Okrug – Yugra. Practical importance of the conducted research lies in the obtained results that allow the regional budgets to choose the way for improving budget security. The information base is comprised of the scientific works of Russian and foreign authors, educational-methodological publications, materials of the scientific conferences dedicated to the formation of regional budgets, legislative and normative acts of the Russian Federation,, reference materials of the Federal State Statistics Service Of the Russian Federation. The main conclusion consists in determination of the factors influencing the regional budget of the Khanty-Mansi Autonomous Okrug – Yugra. The author's special contribution lies in evaluation of the specificity of formation of budget of the Khanty-Mansi Autonomous Okrug – Yugra, as well as the methods aimed at minimization of budget risks for solution of the regional budgetary problems. The formulated recommendations for increasing budget security would promote the innovative development and improvement of budgetary and tax relations of the regional budgets. The theoretical significance consists in advancement of the theory of regional economy. The acquired results can be applied in theoretical substantiation of the strategic tasks of managing regional budgets.

scholarly journals Financial Stability of Regional Budgets in Conditions of Cyclic Development of the Russian Economy. Part 2

2021 ◽  
pp. 166-180
Author(s):  
Tatyana Zhuravleva ◽  
◽  
Elena Semenova ◽  
Olga Goltsova ◽  
◽  
...  
Keyword(s):  
Russian Federation ◽  
Financial Stability ◽  
Energy Prices ◽  
Russian Economy ◽  
Rostov Region ◽  
Regional Budget ◽  
The Russian Federation ◽  
The Republic ◽  
Regional Budgets ◽  
The Impact

This article is devoted to financial stability assessment of regional budgets of the constituent entities of the Russian Federation in the conditions of cyclical development of the national economic system. The authors identified the regional budgets of the following regions of the Russian Federation as objects of research: Rostov region, Republic of Kalmykia and Orel region. Financial and economic performance of the administration of budgets of these territorial units for the period 2010–2019, which are reflected in the previous article (Part 1) of the authors, were taken as the subject. The purpose of the article is to reflect the features of the practical application of the methodology presented by the authors for the analysis of changes in the financial stability of regional budgets of specific regions against the background of the impact of external economic forces (decrease in world energy prices, sanctions to Russian companies and entrepreneurs). The relevance of the research topic is connected with the demand for a high-quality and objective financial analysis of the budgets of specific regions of the Russian Federation against the background of the general economic crisis affecting all the main spheres of society, as well as negatively influencing economic and social policy, both at federal and regional levels. When making generalized assessments and conclusions about the dynamics of changes in the level of financial stability of the regional budgets of Rostov region, the Republic of Kalmykia and Orel region, the authors suggested a system of indicators characterizing the budget in the following main areas: budget efficiency, financial stability, as well as the balance of the revenues and expenditures of the regional budget. On the basis of analytical research, the authors found that regions characterized as financially stable have the following features: presence of a highquality and well-functioning process of planning and administration of the regional budget; effective use of the potential of region’s industrial resource base; active investment in projects, both promising, profitable, and socially significant. In the course of the study of regions with a low level of financial independence (the Republic of Kalmykia and Orel region), the authors noted that the consistently worsening economic sphere in the Russian economy leads to an acceleration of the rates of the degradation of social and economic situation of the entire region, thereby reducing financial opportunities of the corresponding budget, what consequently results in the decrease in the quality of life of the population of the regions under analysis.

PROBLEMS OF THE FORMATION OF REVENUES OF REGIONAL BUDGETS IN THE RUSSIAN FEDERATION

2020 ◽  
Vol 2 (8) ◽  
pp. 83-87
Author(s):  
B. Kh. ALIYEV ◽  
Keyword(s):  
Russian Federation ◽  
Present Stage ◽  
Budget Planning ◽  
Budgetary Policy ◽  
Stage Of Development ◽  
The Russian Federation ◽  
The Republic ◽  
Regional Authorities ◽  
Regional Budgets

In the Russian Federation, the problem of budget planning becomes especially relevant when the pace of economic development slows down. The article examines the features of the formation of regional budgets, using the example of the budget of the Republic of Dagestan. The analysis of incomes to the budget is carried out. The role of regional taxes in the formation of budget revenues of the Republic of Dagestan is revealed. According to the results of the study, it can be concluded that the budgetary policy of the regions at the present stage of development of the Russian economies does not contribute to a further increase in the rates of economic growth. The article offers recommendations for improving the regional budgetary policy of the Russian Federation and increasing the responsibility of regional authorities.

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