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Finance and Credit
 

Public finance flow in contemporary Russia

Vol. 26, Iss. 11, NOVEMBER 2020

Received: 11 August 2020

Received in revised form: 27 August 2020

Accepted: 10 September 2020

Available online: 27 November 2020

Subject Heading: Financial system

JEL Classification: E60, E62, E69, P43

Pages: 2501–2523

https://doi.org/10.24891/fc.26.11.2501

Smirnov V.V. I.N. Ulianov Chuvash State University (ChuvSU), Cheboksary, Chuvash Republic, Russian Federation
v2v3s4@mail.ru

https://orcid.org/0000-0002-6198-3157

Subject. This article discusses the issues related to public finance.
Objectives. The article aims to identify the determinants, indicators, and priorities of the public finance flow in contemporary Russia.
Methods. For the study, I used the methods of statistical, neural network, and cluster analyses, and the systems approach.
Results. The article identifies and describes the determining indicators of the main aggregates and balances of public finance, sources, and the use of funds. It establishes a link between the main aggregates and balances of public finance, defining the form and content of Russian capitalism.
Conclusions. Understanding the issue and problem of public finance flow in contemporary Russia helps identify the reasons for the inability to transit to a capitalist socio-economic formation. The provisions of the study expand the scope of knowledge and develop the competence of public authorities to make management decisions on the distribution and redistribution of the value of a public product and part of the national wealth.

Keywords: aggregate, balance sheet, public finance, movement

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