Analysis of revenues and expenditures of the budget of the Russian Federation’s subject on the example of St. Petersburg
DOI:
https://doi.org/10.47451/tss2024-07-01Keywords:
St. Petersburg, regional budget analysis, revenue budget items, expenditure budget itemsAbstract
Each Russian Federation’s subject has its budget as part of the entire Russian Federation. This budget is intended to fulfil the entity’s expenditure obligations. At the same time, it is not worth forgetting that any budget, regardless of its level, always consists of three elements: formation, distribution and execution. The activity of each entity is inextricably linked with cash, which is why it is so important to focus on its formation and distribution process. Knowing the current state of the budget of a constituent entity of the Russian Federation, including understanding its detailed structure of income and expenses, it is possible, if necessary, to redistribute budget funds in another direction. This, in turn, will allow you to use your funds as efficiently as possible. The purpose of the study is to analyse St. Petersburg’s budget. Analytical, comparative, and statistical methods were used to achieve the goal and solve the tasks. The study used regulations and analytical articles from researchers and journalists in the Russian economy. The authors conclude that St. Petersburg’s budget is currently in deficit, although in 2023, it was in surplus. However, while this entity has a huge public debt, discussing any surplus budget is impossible.
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References
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