Budgetary instruments of public finance management
In the context of global changes, Russia faces the challenges of not only countering the economic sanctions of the West, but also fulfilling its obligations to implement the Sustainable Development Goals, legislated in 2018. The purpose of the study is to critically examine the content of budget ins...
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| Format: | Article |
| Language: | English |
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Publishing House of the State University of Management
2022-11-01
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| Series: | Вестник университета |
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| Online Access: | https://vestnik.guu.ru/jour/article/view/3901 |
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| author | S. N. Rukina K. A. Gerasimova A. S. Takmazyan K. N. Samoylova |
| author_facet | S. N. Rukina K. A. Gerasimova A. S. Takmazyan K. N. Samoylova |
| author_sort | S. N. Rukina |
| collection | DOAJ |
| description | In the context of global changes, Russia faces the challenges of not only countering the economic sanctions of the West, but also fulfilling its obligations to implement the Sustainable Development Goals, legislated in 2018. The purpose of the study is to critically examine the content of budget instruments, and their role in modern conditions, problems of functioning and areas of improvement. The key instrument of state financial policy is the federal budget, the resource capabilities of which make it possible to finance national projects, measures to implement the Messages of the President of the Russian Federation, 42 government initiatives. The conclusions are based on the analysis of open data of the Ministry of Finance of the Russian Federation. The study substantiates the need to transform the institute of state programs and related tax expenditures and budget expenditure reviews. It is revealed that they provide objective evidence of managerial decision-making in the field of public finance. Their further improvement is connected with the expansion of the tax independence of the sub-federal government, as well as the consolidation in the budget legislation of provisions on the formation of tax expenditures and conducting reviews of budget expenditures. The results of the study can be used by legislative and executive authorities in developing proposals for improving budget legislation, the implementation of which will contribute to the selection of relevant areas of financing, effective use of budget funds, and increased transparency of budget information. |
| format | Article |
| id | doaj-art-4111af8d15df42c39d193a95d342e62c |
| institution | Kabale University |
| issn | 1816-4277 2686-8415 |
| language | English |
| publishDate | 2022-11-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj-art-4111af8d15df42c39d193a95d342e62c2025-02-04T08:28:14ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152022-11-0101020521410.26425/1816-4277-2022-10-205-2142611Budgetary instruments of public finance managementS. N. Rukina0K. A. Gerasimova1A. S. Takmazyan2K. N. Samoylova3Rostov State University of EconomicsRostov State University of EconomicsRostov State University of EconomicsRostov State University of EconomicsIn the context of global changes, Russia faces the challenges of not only countering the economic sanctions of the West, but also fulfilling its obligations to implement the Sustainable Development Goals, legislated in 2018. The purpose of the study is to critically examine the content of budget instruments, and their role in modern conditions, problems of functioning and areas of improvement. The key instrument of state financial policy is the federal budget, the resource capabilities of which make it possible to finance national projects, measures to implement the Messages of the President of the Russian Federation, 42 government initiatives. The conclusions are based on the analysis of open data of the Ministry of Finance of the Russian Federation. The study substantiates the need to transform the institute of state programs and related tax expenditures and budget expenditure reviews. It is revealed that they provide objective evidence of managerial decision-making in the field of public finance. Their further improvement is connected with the expansion of the tax independence of the sub-federal government, as well as the consolidation in the budget legislation of provisions on the formation of tax expenditures and conducting reviews of budget expenditures. The results of the study can be used by legislative and executive authorities in developing proposals for improving budget legislation, the implementation of which will contribute to the selection of relevant areas of financing, effective use of budget funds, and increased transparency of budget information.https://vestnik.guu.ru/jour/article/view/3901economic growthsocial welfarefederal budgetnational projectsmessages of the russian presidentgovernment initiativesstate programstax expendituresbudget expenditure reviews |
| spellingShingle | S. N. Rukina K. A. Gerasimova A. S. Takmazyan K. N. Samoylova Budgetary instruments of public finance management Вестник университета economic growth social welfare federal budget national projects messages of the russian president government initiatives state programs tax expenditures budget expenditure reviews |
| title | Budgetary instruments of public finance management |
| title_full | Budgetary instruments of public finance management |
| title_fullStr | Budgetary instruments of public finance management |
| title_full_unstemmed | Budgetary instruments of public finance management |
| title_short | Budgetary instruments of public finance management |
| title_sort | budgetary instruments of public finance management |
| topic | economic growth social welfare federal budget national projects messages of the russian president government initiatives state programs tax expenditures budget expenditure reviews |
| url | https://vestnik.guu.ru/jour/article/view/3901 |
| work_keys_str_mv | AT snrukina budgetaryinstrumentsofpublicfinancemanagement AT kagerasimova budgetaryinstrumentsofpublicfinancemanagement AT astakmazyan budgetaryinstrumentsofpublicfinancemanagement AT knsamoylova budgetaryinstrumentsofpublicfinancemanagement |