Analysis of the budget of St. Petersburg for 2022

Abstract

The relevance of the research topic is to consider the budget of the selected entity in the context of financial independence due to specific goals, objectives and development directions, which differ in each region. According to Article 10 of the Budget Code of the Russian Federation, the structure of the budget system of the Russian Federation includes the budgets of the subjects of the Russian Federation, which play an essential role in implementing the functions and tasks of regional authorities, ensure the socio-economic development of territories. The state is actively pursuing economic policy through the budgets of the regions. St. Petersburg is of particular interest in this study due to the importance of specific areas of industrial, scientific, and technical development both at the level of the subjects of the Russian Federation and at the state level. The study’s object is to the budgetary and legal relations that develop in the process of fiscal activities of public authorities of the subject of the Russian Federation and municipalities. The key purpose is to identify the main parameters that objectively and reasonably describe the region’s financial condition. Analytical, comparative and statistical research methods were used to achieve the goal and solve the problems. The study used regulations, statistical data, and data from open sources. The author concludes that the execution of the budget of St. Petersburg in 2022 is characterised by independence, sustainability and social orientation.