Scholarly record

TAX REVENUES OF RUSSIA DURING THE PERIOD OF ECONOMY STAGNATION

E. Shuvalova, J. Zakharova, M. Gordienko, N. Sibatulina

Abstract

Tax policy is one of the main instruments of economic policy of any state. It is realized through the establishment of goals, objectives and specific quantitative parameters of revenues and the country's budget. Condition of public finance has a significant impact on the real economy. So, the choice and justification of the measures, decisions and actions in the area of tax policy, directed on realization of conceptual ideas within the existing Russian economic policy is one of its key contents. The article is dedicated to review of tax revenues of the budget of the Russian Federation, i.e. an important source for the formation of financial resources of the state. The category of "tax revenue" is presented by the author as part of the total revenues of the budget brimming only by tax revenue for the payment of all kinds and types of federal, state and local taxes and fees, which correspond to the Russian tax legislation (VAT, excise, import and export customs duties, income tax, personal income and other). Historical crisis period of year 2008 was analyzed, including its effect on economic, financial, budgetary and taxation policy of the state. Analysis of dynamics and structure of fiscal revenues during 2011-2015, including tax revenues, was performed. Causal relationship between economic situation in Russia and implemented taxation policy was determined.

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