Analysis of the Leningrad region’s budget execution for 2021
DOI:
https://doi.org/10.47451/tss2024-06-03Keywords:
Leningrad region, budget execution, expenditure budget item, revenue budget itemsAbstract
It is generally believed that the key function of the Northwestern Federal District is to ensure Russia’s foreign economic relations with the European Union and many other regions of the world. This primary task is primarily due to the geographical location of the Northwestern Federal District, which includes the Leningrad Region bordering Estonia and Finland. This study aimed to analyse the budget execution of the Leningrad Region for 2021. An analysis of the revenue and expenditure items of the budget was performed, like a summary analysis of the region’s budget. To achieve this goal and solve problems, analytical, comparative, and deductive methods were used. The study used regulations and articles by economists in regional budgeting. The author concludes that the planned budget for 2021 is significantly different from what was implemented. Revenues are higher than planned, and expenses are lower. Nevertheless, it is impossible to exclude insurmountable circumstances by the type of external economic factors that could affect the level of embezzlement.
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References
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