FEATURES OF THE BUDGETARY SYSTEM OF THE REGIONS OF THE RUSSIAN ARCTIC ON THE EXAMPLE OF THE YAMAL-NENETS AUTONOMOUS DISTRICT
Author(s): Kokhanovskaya Indira Irekovna, Nazarenko Yan Vitalievich
Release: 2018-2 (25)
Keywords: budget, budget system, regions of the Arctic zone, Yamalo-Nenets Autonomous District, budget revenues, taxes, budget expenses, budget deficit
Annotation: The regions of the Russian Arctic play an important role in the economy of the Russian Federation. In the article on the example of Yamalo-Nenets Autonomous Okrug the features of the budget system of the Northern regions are considered. Climatic, geographical and infrastructural features of the Northern regions give rise to significant features of all areas of socio-economic development of these regions, including the budget system. Compilation and execution of the regional budget of the Yamalo-Nenets Autonomous district is carried out in accordance with the requirements of the Budgetary code of the Russian Federation subject to the specifics established by the YNAO Law «On the budget process in the Yamalo-Nenets Autonomous district». Drafting of the district budget is carried out by the Department of Finance of the Autonomous Okrug, which cooperates with the Department of economy of the Autonomous Okrug, subjects of budget planning. The planning of the district budget expenses is carried out separately for the current and accepted expenditure obligations of the Autonomous district. The peculiarity of the district budget is also the fact that the legislation of the Autonomous district provides for the opening and maintenance of personal accounts for organizations that are not participants in the budget process. As a result of the analysis carried out in this article, the authors conclude that the specific structure of both the revenue and expenditure part of the budgets of the Northern regions of the Russian Federation (a high proportion of property tax in the income structure, a significant amount of expenditure to support the real sectors of the economy and housing and communal services). At the same time, the Yamalo-Nenets Autonomous Okrug is allocated a significant share of its own revenues and high budget provision, due to the significant volume of hydrocarbon production and high budget occupancy revenues from the enterprises of the fuel and energy complex.
Bibliography: Kokhanovskaya IN.IR., Nazarenko YA.VI. FEATURES OF THE BUDGETARY SYSTEM OF THE REGIONS OF THE RUSSIAN ARCTIC ON THE EXAMPLE OF THE YAMAL-NENETS AUTONOMOUS DISTRICT // Economics and Management. – 2018. – № 2 (25). – С. 24-32. doi: 10.21777/2587-554X-2018-2-24-32