PUBLIC FINANCES OF THE REGION UNDER THE CONDITIONS OF SANCTIONS

Abstract

The article is devoted to the consideration of aspects of the formation and execution of the revenue part of the consolidated budget of the region in the conditions of sanctions pressure. Analyzed the provisions of the Budget Code of the Russian Federation in terms of determining the principle of efficient use of budgetary funds. Updated formulations of this principle are proposed in terms of the effectiveness of the use of budgetary funds, ensuring the unambiguity of their interpretation as a focus on achieving results not lower than the specified (planned). Based on the results of the analysis of the state of public finances, using the example of the consolidated budget of the Republic of Bashkortostan, it was found that during the crisis periods (2009, 2014, 2020) there is a decrease in the share of budgetary provision with tax and non-tax revenues from the total level of regional budget revenues. The factors influencing the receipts from the main budget-forming taxes - corporate income tax and personal income tax are identified: the production of goods and the provision of services with different levels of value added, the presence / absence of preferential tax regimes in the region (within special economic zones, territories priority socio-economic development, special administrative regions), the share of the rural population, the volume of bank deposits of individuals per capita, the share of companies with foreign ownership in the financial and investment performance. It is concluded that it is necessary to analyze the feedback from the implementation of the measures taken to protect citizens and businesses in the face of sanctions pressure in order to develop measures to improve the budgetary sustainability of the territories.