State and municipal finances. Fundamentals of state financial policy (the most important)

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State and municipal finances. Fundamentals of state financial policy (the most important)

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6. Fundamentals of the financial policy of the state

The achievement of strategic goals in the development of the state is based on the basis of financial policy. The implementation of financial policy takes place through the preparation of a financial plan for the medium (long-term) perspective, the budget and the most efficient use of these funds for the state to perform its functions.

The subjects of the budget policy implementation authorities are recognized as having the authority to form and use financial resources.

The financial policy of the state should focus not only on the domestic economy of the country, but also on the requirements of financial law.

The priority objectives of the financial policy are:

1) formation of legislation adapted to reality;

2) reduction of the tax burden with a simultaneous increase in the efficiency of the functioning of the tax system;

3) formation of adequate planning and forecasting of the development of the financial system;

4) achieving maximum balance of budgets at all levels;

5) effective return on the functioning of the customs system;

6) creation of conditions for stimulating revenues to the budgets of various levels, etc.

Financial policy consists of such structural links as budget policy, customs policy, monetary policy.

Currently, a whole system of customs fees and duties, as well as their benefits, operates on the territory of the Russian Federation. The Customs Code of the Russian Federation provides for special customs regimes.

Monetary policy is formed by the Government of the Russian Federation and the Central Bank. Its main tasks:

1) the stability of the inflation rate. This refers to the achievement of a level at which economic growth is noted;

2) application of the latest technologies in payment transactions;

3) control of the money supply;

4) maintaining the position of a floating exchange rate.

Within the framework of tax policy, the primary task is to reduce the tax burden. As a result, there are changes in tax legislation.

Issues related to the taxation of small and medium-sized businesses have shifted towards improvement. For such business entities, special tax regimes have been developed and implemented.

The current budget policy of Russia is in line with the strategic goals of the economic development of the Russian Federation, improving the quality of life and ensuring the safety of its citizens.

National projects are becoming increasingly important. A basis is being created for solving urgent problems, such as improving the quality of education, providing citizens with affordable and comfortable housing, improving the health of the population, creating decent living conditions in the countryside and developing agro-industrial production. Some federal and regional programs to address the above areas are listed when considering interbudgetary transfers.

Author: Novikova M.V.

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