BUDGET CONCEPT FOR 2017-2019 IN THE CONTEXT OF SOCIO-ECONOMIC SECURITY OF RUSSIA

Abstract

The analysis of the main provisions of the federal budget and the forecast of the social and economic development of the Russian Federation for 2017 and the planning period of 2018-2019 allows to speak about a significant reduction of the impact of public finances over the development of the domestic economy both at the federal and regional levels. The balanced budget, minimization of the public debt and reduction of inflation remain the basic priorities of the state budgetary policy for the nearest three-years perspective. The modern budget concept of the budget is not aimed at creating the necessary conditions for increasing the rate of growth of the Russian economy, forming a series of threats to the socio-economic security of the country. The modern concept of the budget clearly ignores the sharpest for the domestic economy problem of the need to launch a set of mechanisms for the development of Russia’s domestic market - financial, organizational, legal, etc. The priority task of a new system of the strategic budgeting should be the financial and legal provision of domestic factors of economic growth. This is, above all, the stimulation of aggregate domestic demand through increased business investment and the provision of the population income growth.