ORGANIZATIONAL AND MANAGERIAL INSTRUMENTS OF FINANCIAL POLICY IN MODERN RUSSIA
DOI:
https://doi.org/10.20397/2177-6652/2024.v24i2.2769Palabras clave:
Financial policy, Legal regulation, Tax expenditures, Tax benefits, Development institutions, Financial literacy, Financial cultureResumen
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.
Citas
Akopian, O. A. (2020). Rol Tsentralnogo banka v finansovo-pravovom stimulirovanii proektov v nauchno-tekhnologicheskoi sfere [The role of the Central Bank in financial and legal stimulation of projects in science and technology]. Financial Law, (2), 3-7.
Article 346.20, paragraph 4 and Article 346.50, paragraph 3 of the Russian Tax Code.
Begchin, N. A., Bogacheva, O. V., & Smorodinov, O. V. (2018). Obzory raskhodov kak instrument upravleniia obshchestvennymi finansami v stranakh OESR: teoreticheskii aspekt [Spending Reviews as an Instrument for Public Finance Management in OECD Countries: Theoretical Aspect]. Financial Journal, (3), 49-62.
Bochkareva, E. A. (2023). Problemy i perspektivy pravovogo regulirovaniia mediatsii v sfere zashchity prav potrebitelei finansovykh uslug [Problems and prospects of legal regulation of mediation in the sphere of consumer rights protection financial services]. Legal Bulletin of the Kuban State University, (3), 7-14.
Csorba, L. (2020). The Determining Factors of Financial Culture, Financial Literacy and Financial Behavior. Public Finance Quarterly, 65(1). https://doi.org/10.35551/PFQ_2020_1_6
Draft Federal Law "On Introducing Amendments to the Budget Code of the Russian Federation and Certain Legislative Acts of the Russian Federation and Concerning the Annulment of Certain Provisions of Legislative Acts of the Russian Federation". (n.d.). https://sozd.duma.gov.ru/bill/375105-8
Federal Law No. 343435-8 "On Amendments to Parts 1 and 2 of the Tax Code of the Russian Federation and Certain Legislative Acts of the Russian Federation". (n.d.). https://sozd.duma.gov.ru/bill/343435-8
Federal Law of April 1, 2020 No. 69-FZ. (2020). On protecting and encouraging capital investments in the Russian Federation. Official Internet portal of legal information. http://www.pravo.gov.ru, April 1, 2020.
Federal Law of December 19, 2023 No. 598-FZ "On Suspension by the Russian Federation of Certain Provisions of International Tax Treaties of the Russian Federation". (2023). Official Internet portal of legal information. http://pravo.gov.ru, December 19, 2023.
Federal Law of December 5, 2022 No. 466-FZ "On the Federal Budget for 2023 and the 2024–2025 Planning Period". Official Internet portal of legal information. http://pravo.gov.ru, December 5, 2022.
Federal Law of July 10, 2023 No. 299-FZ "On Introducing Amendments to Certain Legislative Acts of the Russian Federation". Official Internet portal of legal information. http://pravo.gov.ru, July 10, 2023.
Federal Law of July 10, 2023 No. 323-FZ "On Amendments to the Criminal Code of the Russian Federation and Articles 150 and 151 of the Criminal Procedure Code of the Russian Federation" (Official Internet portal of legal information. http://pravo.gov.ru, July 10, 2023) supplemented the Criminal Code of the Russian Federation with Article 172.4. "Illegal implementation of activities for return of overdue debt of physical persons".
Federal Law of July 3, 2016 No. 230-FZ (as amended on July 10, 2023) "Federal Law 'On Protection of Rights and Legitimate Interests of Individuals In Activities of Collection of Overdue Repayment of Debts and Amendments to Federal Law 'On Microfinance Activities and Microfinance Organizations'". Official Internet portal of legal information. http://www.pravo.gov.ru, July 3, 2016.
Federal Law of June 28, 2022 No. 226-FZ "On amendments to the Federal Law 'On protecting and encouraging capital investments in the Russian Federation'". (2022). Official Internet portal of legal information. http://pravo.gov.ru, June 28, 2022.
Federal Law of May 17, 2007 No. 82-FZ (as amended on July 14, 2022) "On the state development corporation 'VEB.RF'". Collection of Legislative Acts of the Russian Federation, 2007, No. 22, Art. 2562.
Federal Law of November 23, 2020 No. 372-FZ (as amended on December 19, 2022) "On Amending Part 2 of the Tax Code of the Russian Federation Regarding the Tax Rate on Personal Income Exceeding Five Million Rubles over a Taxable Period". (2020). Official Internet portal of legal information. http://pravo.gov.ru, November 23, 2020.
Kollektor podzheg dvukhletnego rebenka, chtoby vybit dolg u ego deda. [A debt collector set a two-year-old on fire to collect a debt from his grandfather.] (2016, January 28). Rossiyskaya Gazeta. Retrieved January 19, 2024, from https://rg.ru/2016/01/29/kollektor.html.
Kucherov, I. I., Povetkina, N. A., Akopyan, O. A., et al. (2017). Institutions of Financial Security. INFRA-M: The Institute of Legislation and Comparative Law under the Government of the Russian Federation.
Luca Ribeiro, T. de, & Antônio de Lima, A. (2023). Environmental, Social And Governance (ESG): A Bibliometric Review Study. ESG Studies Review, 6(1), e01571. https://doi.org/10.37497/esg.v6i1.1571
Ministry of Economic Development of the Russian Federation. (2023, February 7). Programma lgotnykh investkreditov dlia MSP pod 2.5 i 4% prodlena i ... [The program of preferential investment loans for SMEs at 2.5 and 4% is extended and …]. https://economy.gov.ru/material/news/programma_lgotnyh_investkreditov_dlya_msp_pod_25_i_4_prodlena_i_rasshirena.html
Ministry of Finance of the Russian Federation. (2022). Osnovnye napravleniia biudzhetnoi, nalogovoi i tamozhenno-tarifnoi politiki na 2023 god i na planovyi period 2024 i 2025 godov [Key directions of budget, tax, and customs tariff policy for 2023 and for the planning period of 2024 and 2025].
Ministry of Finance of the Russian Federation. (n.d.). Methodological Recommendations on the preparation and implementation of participatory budgeting practices in the Russian Federation. https://minfin.gov.ru/common/upload/library/2020/12/main/Minfin_Metod_Recom.pdf
Novaia model ekonomicheskogo razvitiia Rossii: kontseptsiia formirovaniia i realizatsii. (2016). Moscow: Izdanie Gosudarstvennoi Dumy. http://duma.gov.ru/media/files/71kA0uXy7ijwCL80ADpZLkJZEcQHW7AD.pdf
Order of the Government of the Russian Federation of December 16, 2022 No.3972-r "Ob utverzhdenii raspredeleniia dotatsii biudzhetam subektov Rossiiskoi Federatsii v tseliakh chastichnoi kompensatsii vypadaiushchikh dokhodov biudzhetov subektov Rossiiskoi Federatsii ot primeneniia investitsionnogo nalogovogo vycheta na 2022 god" ["On Approval of the Distribution of Subsidies to the Budgets of the Constituent Entities of the Russian Federation for the Purpose of Partial Compensation of Revenues Lost by the Budgets of the Constituent Entities of the Russian Federation due to the Application of the Investment Tax Deduction for 2022"]. (2022).
Order of the Government of the Russian Federation of December 16, 2022 No.3972-r "Ob utverzhdenii raspredeleniia dotatsii biudzhetam subektov Rossiiskoi Federatsii v tseliakh chastichnoi kompensatsii vypadaiushchikh dokhodov biudzhetov subektov Rossiiskoi Federatsii ot primeneniia investitsionnogo nalogovogo vycheta na 2022 god" ["On Approval of the Distribution of Subsidies to the Budgets of the Constituent Entities of the Russian Federation for the Purpose of Partial Compensation of Revenues Lost by the Budgets of the Constituent Entities of the Russian Federation due to the Application of the Investment Tax Deduction for 2022"]. (2022). Official Internet portal of legal information. http://pravo.gov.ru, December 19, 2022.
Order of the Government of the Russian Federation. (2019). Concept for Improving the Efficiency of Public Budget Expenses in 2019–2024. Official Internet portal of legal information. http://www.pravo.gov.ru, February 4, 2019.
Order of the Government of the Russian Federation. (2022). On Amendments to Orders of the Government of the Russian Federation of December 28, 2020 No. 3579-r and of December 10, 2021 No. 3522-r. Official Internet portal of legal information. http://pravo.gov.ru, December 8, 2022.
Osnovnye napravleniia biudzhetnoi, nalogovoi i tamozhenno-tarifnoi politiki na 2024 god i na planovyi period 2025 i 2026 godov [Key directions of budget, tax, and customs tariff policy for 2024 and for the planning period of 2025 and 2026]. (n.d.). https://minfin.gov.ru/common/upload/library/2023/09/main/ONBNiTTP__2024-2026.pdf
Resolution of the Government of the Russian Federation of December 17, 2014 No. 1388 (as amended on March 18, 2023) "On approval of the Rules for the provision of subsidies from the federal budget to the Federal State Autonomous Institution 'Russian Foundation for Technological Development' in order to stimulate activities in the field of industry". Official Internet portal of legal information. http://pravo.gov.ru, December 19, 2014.
Resolution of the Government of the Russian Federation of September 18, 2020 No. 1492 (as amended on December 22, 2022) "On general requirements for regulatory legal acts, municipal legal acts regulating the provision of subsidies, including grants in the form of subsidies, to legal entities, individual entrepreneurs, as well as individuals-manufacturers of goods, works, services, and on the recognition as invalid of some acts of the Government of the Russian Federation and certain provisions of some acts of the Government of the Russian Federation" (with amendments and additions). (2020). Official Internet portal of legal information. http://pravo.gov.ru, September 25, 2020.
RIA Novosti. (2021, July 19). Mishustin naznachil vitse-premerov kuratorami federalnykh okrugov. [Mishustin appointed Deputy Prime Ministers as supervisors of Federal Districts.] https://ria.ru/20210719/kuratory-1741803933.html
Roscongress. (2020, April 8). Development Institutions and support mechanisms. https://roscongress.org/knowledge/instituty-razvitiya-i-mekhanizmy-podderzhki/materials/
Shtogrin, S. I. (2019). Otchet o rezultatakh ekspertno-analiticheskogo meropriiatiia "Analiz problem ustanovleniia i k lassifikatsii nenalogovykh platezhei i platezhei, imeiushchikh priznaki nalogov" [Report on the results of the expert analytical study "Analysis of Problems of Establishment and Classification of Non-tax Payments and Payments with Tax Characteristics"], 9 (261).
Sinelnikov-Murylev, S. G., Milogolov, N. S., & Belev, S. G. (2022). Nalogovaia politika v usloviiakh sanktsii [Tax policy under sanctions]. Russian Economic Development, 29(9), 42-51.
Strategy for Improving Financial Literacy and Developing Financial Culture Until 2030: Approved by the Order of the Government of the Russian Federation of October 24, 2023 No. 2958-r. Official Internet portal of legal information. http://pravo.gov.ru, October 31, 2023.
The Concept of a Risk-Based Approach in the Accounts Chamber of the Russian Federation (approved by the Board of the Accounts Chamber of the Russian Federation (Minutes from June 22, 2021 No. 44K (1487)). (2021). https://ach.gov.ru/upload/iblock/598/r9mdtge15kxeekxbtgrcajbkypep8n2h.pdf
The experiment on establishing the "Tax on professional income" regime is carried out as per the Federal Law of November 27, 2018 No. 422-FZ (as amended on December 28, 2022) "On conducting an experiment to establish a special tax regime 'Tax on professional income'". (2018). Official Internet portal of legal information. http://pravo.gov.ru, November 27, 2018.
Tsindeliani, I. A. (Ed.). (2018). Finansovo-pravovoe regulirovanie obiazatelnykh platezhei, uplachivaemykh v federalnyi biudzhet Rossiiskoi Federatsii [Financial and legal regulation of compulsory payments to the federal budget of the Russian Federation]. Moscow: Prospekt.
Usenkov, I. A. (2022). Stabilizatsionnaia ogovorka kak pravovoe sredstvo i priem iuridicheskoi tekhniki [Stabilization clause as a legal means and technique of legal technology]. Advances in Law Studies, (2), 11-15.
Zapolskii, S. V. (2023). K voprosu o kontseptsii reformirovaniia biudzhetnogo zakonodatelstva [To the question of the concept of reforming the budget legislation]. State and Law, (6), 73-80.
Descargas
Publicado
Cómo citar
Número
Sección
Licencia
Derechos de autor 2024 Journal of Management & Technology
Esta obra está bajo una licencia internacional Creative Commons Atribución-NoComercial 4.0.
Os direitos, inclusive os de tradução, são reservados. É permitido citar parte de artigos sem autorização prévia desde que seja identificada a fonte. A reprodução total de artigos é proibida. Em caso de dúvidas, consulte o Editor.
