Home  Journals  Finance and Credit  36(612) - 2014 September

Budgetary strategy at the sub-federal level

Available online: 24 September 2014

Subject Heading: Budgetary system

JEL Classification: 

Pages: 11-21

The article stresses the need to clearly define the content and structure of a budget strategy as a methodological basis of developing strategic plans and long-term forecasts of budget figures. Based on the analysis of regulatory documents of legislative and executive powers at the federal and regional levels the authors emphasize that a budget strategy should not contain any long-term calculations of budgetary income and expenses. The work proves the expediency of developing a single methodological base for building a budget strategy at the sub-federal level. The authors make a conclusion that the subjects of the Russian Federation should develop techniques, methods and models of budgetary forecasting with due consideration of regional specifics.

Keywords: budget, strategy, income, expenses, tendency

References:

1. Decree of the President of the Russian Federation “On Fundamental principles of strategic planning in the Russian Federation” of May 12, 2009 № 536. (In Russ.)
2. Budget message of the President of the Russian Federation to the Federal Assembly “On Budgetary policy for 2008–2010” of March 09, 2007. (In Russ.)
3. Budget message of the President of the Russian Federation to the Federal Assembly “On Budgetary policy for 2013–2015” of June 28, 2012. (In Russ.)
4. Budget message of the President of the Russian Federation to the Federal Assembly “On Budgetary policy for 2014–2016” of June 13, 2013. (In Russ.)
5. Draft Federal Law “On State strategic planning” of November 21, 2012 № 143912-6. (In Russ.)
6. The Novosibirsk region government resolution “On Approval of the State program “Management of public finances in the Novosibirsk region for 2014–2019” of July 15, 2013 № 309-P. (In Russ.)
7. Sovremennyi ekonomicheskii slovar' [Modern economic dictionary]. Available at: Link. (In Russ.)

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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