TOOLS TO BALANCE SUB-FEDERAL BUDGETS

Abstract

The article considers the issues of balancing the sub-federal budget as an integral part of the budget system of the federal state. The Budget Code of the Russian Federation establishes the principle of balance, which enshrines the obligation to adopt a deficit-free budget and, if necessary, to determine the volume and sources of financing its deficit. However, a serious methodological and organisational problem is balancing the budget at the stage of implementation. The high degree of centralisation of fiscal powers in the federal centre, limited influence on the composition of sub-federal budgets and, consequently, on the balance of revenue and expenditure parts, predetermines the objective need to develop a concept of balancing the sub-federal budget. The purpose of this study is to identify and justify the tools of tax revenue management as a main source of budget revenues and an element of the multilevel concept of balancing the sub-federal budget. The methodological basis of this study is the systematic approach, methods of grouping, analysis and comparison. The works of Russian scientists on fiscal policy, balancing budgets, official data of Rosstat and the Federal Treasury were used as the information-empirical base. The result is the development of individual tools, ensuring a balanced budget and lying in the sphere of taxation management at the sub-federal level. The peculiarity of the proposed instruments is that they are within the competence of the authorities of the subjects of the Russian Federation, and their implementation does not require additional funding and does not entail additional administrative burden.