State and municipal finances. Features of the Union State budget (the most important)

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State and municipal finances. Features of the Union State budget (the most important)

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33. Features of the budget of the Union State

In modern conditions, in order to prevent the development of a unipolar world, confederations are being formed. Sovereign states are formed within the confederation. Thus, the European Union was formed on the basis of 27 states. As in any other state, the functioning of the Confederation is supported by the financial side. The revenues of the confederate budget consist of deductions from members of the union. The decision to spend these funds is taken jointly by all participating countries.

Since 2007, a long-term budget (until 2013) has been adopted.

The European Parliament voted to adopt the EU's long-term budget for 2007-2013. The total amount included in the long-term spending plan will be €864,4 billion. On the spending side, it was decided to increase the emergency fund to deal with natural disasters and emergencies by €1,5 billion and add €500 million for pensions for EU citizens. The spending will go towards replenishing the reserves of the European Investment Bank. The allocated money will provide assistance to small and medium-sized enterprises. The majority of the budget, €56,3 billion, covers the agricultural sector.

Spending on research and innovation and on the Galileo Foundation (satellite navigation) has been increased. Spending on assistance to poor regions, education, vocational training, innovation, research and development, and other measures aimed at accelerating economic growth is set at €54,9 billion, up 15,4% on 2006 levels.

It implies the allocation of 481 million euros to combat tax evasion. In the previous budget, only €224 million was allocated to combat tax evasion.

There are all the prerequisites for the creation of the Union State between the Russian Federation and the Belarusian Republic. Russian-Belarusian relations are enshrined in the Treaty on the Union of Belarus and Russia dated April 2.04.1997, 23.05.1997, the Charter of the Union of Belarus and Russia dated May 8.12.1999, XNUMX, the Agreement between the Russian Federation and the Republic of Belarus on the creation of equal conditions for business entities, the Treaty on the establishment of the Union State Belarus and Russia dated December XNUMX, XNUMX

A necessary condition for the merger of the two states is the convergence of socio-economic indicators, such as:

1) GDP per capita;

2) inflation rates;

3) the rate of devaluation of the exchange rates of the Russian and Belarusian rubles;

4) refinancing rates for term deposits and loans;

5) tax burden on the economy;

6) state budget deficit and public debt (external and internal);

7) trade balance;

8) the standard of living of the population.

Author: Novikova M.V.

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