Interbudgetary relations in Russia under Western sanctions

The relevance of the article topic is due to the following: in the conditions of an unstable foreign policy and economic situation caused by the unprecedented sanctions of the West in relation to Russia, a serious threat to the Russian economy creates a current state in which the system of inter -budget relations in the country instead of an effective stimulating development mechanism in the prevalence of the alignment mechanism has turned into a real brake of the economic development of territories. The purpose of the study is on the basis of official data to analyze the role and place of the tax - budget mechanism existing in the country, the influence of sanctions introduced by the West on the formation of budgets. The research methods include analysis and synthesis, grouping, comparison, dynamics, logical, tabular, etc. The study revealed that the Russian tax policy does not ensure the economic growth of regions and municipalities, but it is aimed at reducing “ends meet”, covering the deficiency of their budgets. Negative manifestations of Western sanctions are expressed in a decrease in the investment attractiveness of the regions, the country, the growth of inflation, the absence of access to advanced technologies, violation of foreign economic relations, a decrease in purchasing power and the standard of living of the population, etc. In these conditions, it is necessary to make fundamental changes to the tax - budget mechanism, conducting deep analysis and the search for effective measures to reform the system of inter - budget relations.

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