ORGANIZATIONAL AND MANAGERIAL INSTRUMENTS OF FINANCIAL POLICY IN MODERN RUSSIA

Authors

  • Ekaterina Bochkareva The Russian State University of Justice the North Caucasian branch of the Federal State Budget-Funded Educational Institution of Higher Education (the city of Krasnodar), Krasnodar, Russia http://orcid.org/0000-0002-0579-4423
  • Petr Kurdyuk Kuban State Agrarian University named after I.T. Trubilin, Krasnodar, Russia http://orcid.org/0000-0001-9455-1070
  • Svetlana Kozhushko The Russian State University of Justice the North Caucasian branch of the Federal State Budget-Funded Educational Institution of Higher Education (the city of Krasnodar), Krasnodar, Russia http://orcid.org/0000-0002-7454-1702
  • Kamil Khamidullin The Russian State University of Justice the North Caucasian branch of the Federal State Budget-Funded Educational Institution of Higher Education (the city of Krasnodar), Krasnodar, Russia http://orcid.org/0000-0003-3812-751X

DOI:

https://doi.org/10.20397/2177-6652/2024.v24i2.2769

Keywords:

Financial policy, Legal regulation, Tax expenditures, Tax benefits, Development institutions, Financial literacy, Financial culture

Abstract

Objective: The article aims to analyze the organizational and managerial instruments utilized in the financial and economic policies of the Russian Federation. The study focuses on the implementation of policies in the areas of budgeting, taxation, and banking, highlighting the methods used to enhance financial stability and economic growth.

Methods: The research is based on a systematic and legal analysis of legislative acts, reports from federal institutions such as the Ministry of Finance and the Accounts Chamber, and policy documents outlining Russia's financial, tax, and customs tariff strategies. The analysis incorporates laws and regulations on budget expenditures, tax policies, and financial oversight mechanisms, alongside the study of financial literacy initiatives.

Results: The findings reveal the increasing reliance on command-and-control methods in financial policy to maintain the balance of the budget system and respond to geopolitical challenges. Organizational tools such as budget expenditure reviews, participatory budgeting, and treasury supervision are identified as essential for ensuring the financial sustainability of Russia's economy. Tax incentives, preferential regimes, and banking system support are also highlighted as key instruments for stimulating investment and economic activity.

Conclusion: The study concludes that the financial policy of the Russian Federation has become more interventionist, with a growing emphasis on state control and management of financial resources. The legal and organizational instruments discussed play a vital role in protecting Russia's financial sovereignty and promoting economic development. The article recommends ongoing reforms and improvements in the regulation of financial institutions and the promotion of financial literacy.

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Published

2024-05-20

How to Cite

Bochkareva, E., Kurdyuk, P., Kozhushko, S., & Khamidullin, K. (2024). ORGANIZATIONAL AND MANAGERIAL INSTRUMENTS OF FINANCIAL POLICY IN MODERN RUSSIA. Journal of Management & Technology, 24(2), 283–297. https://doi.org/10.20397/2177-6652/2024.v24i2.2769

Issue

Vol. 24 No. 2 (2024)

Section

ARTIGO

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