Importance The paper considers the development of threshold values of budget indicators conducive to achieving the long-term fiscal sustainability and implementation of socio-economic priorities. Objectives The paper aims to identify the desirability and feasibility of accounting the global practices when developing the budget threshold indicators for Russia and suggest expert estimates of budget threshold indicators for use in the Russian practice of budget planning. Methods For the study, we used a systems approach that enabled us to get a solution to the problem of achieving the long-term sustainability of the budget system. As well we used methods of economic analysis, expert estimation, and balance methods. Results We determined the development of budget threshold indicators to achieve the fiscal sustainability over the long term. We analyzed the budget parameters in developed foreign countries and Russia and justified the threshold values of indicators that characterize the role of the State in the redistribution of financial resources in the modern economy. Conclusions and Relevance We conclude on the legality and appropriateness of the socio-economic performance of developed countries in formulating budget threshold indicators for Russia, as well as the need for the transition of the Russian Federation to the economic model of developed countries, characterized by high proportions of gross domestic product as the overall size of the financial resources reallocated by the budget system and the cost of social protection, health and education. The results can be useful to develop the fiscal policy.
Keywords: long-term fiscal sustainability, government revenues and expenditures, tax burden, threshold values, budget indicators
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