The Characteristic Features of the Federal Budget
Russian Economy in 2016. Trends and Outlooks. 2017. Moscow. IEP, issue 38, pp. 53-62
12 Pages Posted: 17 Jul 2017
Date Written: July 7, 2017
In 2016, certain amendments were made to RF legislation, whereby the specific features of the budgeting process at the federal level were determined. In particular, the alterations introduced by Federal Law No 71-FZ dated May 30, 2016 'On Suspending Paragraph Four of Item 2 of Article 179 of the Budget Code of the Russian Federation' are designed to optimize the procedures for adjusting government (municipal) programs. With due regard for the complicated economic situation, the provision of the Budget Code of the Russian Federation (hereinafter to be referred to as RF BC) whereby all government (municipal) programs were to be brought in conformity with the budget law (or budget decision) by April 1, 2016 was suspended for one more year (until January 1, 2017).
Keywords: Russian economy, budget system, tax revenues, budget parameters
JEL Classification: H61, H62
Suggested Citation: Suggested Citation