The Budget System of the Russian Federation: State, Problems and Prospects

Kadyrov Chechen State University, Sheripova Street, 32, 364024, Grozny, Russia

^* Corresponding author: zina_ars@mail.ru

Abstract

This article provides a description of the budget system of the Russian Federation, as well as its development, which is important for socio-economic and political development in strengthening the independence of the state in solving all problems both within the country and problems arising in its external relationships with others states. The budget system, which is the main component of the country’s financial system, has its own peculiarities of formation in countries with a federal state system. In the course of the analytical work, statistical data were considered, reflecting the bulk of the state budget of Russia, in order to determine the main sources of formation of the revenue base of the budget, as well as the main directions for spending the state budget of the Russian Federation. To overcome these problems, the article proposes a set of measures that contribute to improving the efficiency of the budget system as a whole.