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Fiscal policy of the Russian Federation: Answers to the main questions

Vol. 23, Iss. 1, JANUARY 2020

Received: 7 February 2017

Received in revised form: 2 March 2017

Accepted: 18 April 2017

Available online: 16 January 2020

Subject Heading: Tax and taxation

JEL Classification: H30, G18

Pages: 45–65

Pinskaya M.R. Financial University under Government of Russian Federation, Moscow, Russian Federation

ORCID id: not available

Tikhonova A.V. Financial University under Government of Russian Federation, Moscow, Russian Federation

ORCID id: not available

Subject The article discusses the issues of improvement of the competitiveness of the tax system of the Russian Federation as a condition for creating a favorable investment climate in order to strengthen the national tax system and ensure a sustainable income base for the budget.
Objectives The article aims to analyze Russia's fiscal policy in order to prioritize its development and enhance the competitiveness of the national economy.
Methods For the study, we applied various methodological principles, such as scientificity, systemacity, complexity, credibility, objectivity, continuity, timeliness, efficiency and effectiveness.
Results Having analyzed the fiscal policy of the Russian Federation, we identify the problems related to the budgeting of the Russian budget system that influence the financial sufficiency of the budgets of the constituent entities of the Russian Federation. As well, we propose certain lines of improvement in the fiscal system that imply a change in the way in which the income portion of regional budgets (through the system of tax payments) is being generated, as well as the transformation of the mechanism of allocation from the federal budget.
Conclusions and Relevance The development of the Russian economy requires a change in the rules of fiscal federalism aimed at increasing the sustainability and autonomy of regional budgets. The results of the study can be used by public authorities in the development of fiscal policies, programs and methodologies to improve the competitiveness of the tax system, strengthen the income base of budgets at different levels, and strengthen State support measures for import substitution in the system of measures to ensure the economic security of the State.

Keywords: fiscal system,


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