Analysis of Voronezh Region’s budget execution for 2021
DOI:
https://doi.org/10.47451/tss2023-12-03Keywords:
Voronezh Region, Voronezh Region’s budget, revenues and expenditures of the regional budget, budget deficit and surplusAbstract
The Voronezh Region is one of the key agricultural and industrial regions of Central Russia. Therefore, the analysis of its budget policy is of particular interest in the framework of monitoring and forecasting the economic development of the Russian Federation. The study object is Voronezh Region’s budget. The study subject is Voronezh Region’s budget execution for 2021. The study’s purpose is to analyse the financial statements of Voronezh region’s Department for 2021. The study analysed the execution of the main characteristics of Voronezh Region’s budget for 2021, Voronezh region’s budget income and expenditure items for 2021, identified sources of financing the regional budget deficit and identified the main characteristics of the regional budget for 2022 and for the planning period 2023 and 2024. The author concludes that the approved and executed budget assignments for 2022 differ; there is a surplus in budget execution, the expense formation is based on available funds, i.e., revenues are closely related to expenses, forming budget execution characteristics analysis at the end of the financial year is a significant component necessary for the development of a draft budget for the next year and the definition of further areas of activity of public authorities.
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References
Budget Code of the Russian Federation No. 145-FZ dated 07/31/1998 (as amended on 11/04/2022). (In Russ.). https://www.consultant.ru/document/cons_doc_LAW_19702/
Conclusion on the Report on the Execution of the Regional Budget for 2021. Approved by the decision of the Board of the Control and Accounting Chamber of the Voronezh Region. Protocol No. 10(372), dated May 31, 2022. (In Russ.). https://ksp.r52.ru/ru/304/389/393/?nid=1068&a=entry.show
On the Regional Budget for 2021 and for the Planning Period of 2022 and 2023. The Law of the Voronezh Region No. 129-OZ, dated December 26, 2020. (In Russ.). http://publication.pravo.gov.ru/Document/View/3600202012290001
On the Regional Budget for 2022 and for the Planning Period of 2023 and 2024. The Law of the Voronezh Region No. 126-OZ, dated December 14, 2021. (In Russ.). http://publication.pravo.gov.ru/Document/View/3600202112160018
Regulations on the Department of Finance of the Voronezh Region. Approved by Decree of the Government of the Voronezh Region No. 930, dated 03.11.2010. (In Russ.). https://docs.cntd.ru/document/469712126
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