The Federal Budget as an Instrument of State Policy and Its Focus on Social and Economic Policy
This article analyses revenues and expenditures of the federal budget for 2018 and the planning period of 2019 and 2020, showing trends in the growth of both revenues and expenditures. There were shown the causes of chaotic increases and decreases in the growth rates of budget expenditures and budget revenues. The structures of incomes and expenditures parts of the federal budget for 2018 and for the planning period of 2019 and 2020 are described in detail, which explains the reasons for the increase or decrease in the forecast amounts of certain items due to internal and external factors of influence on the political, economic, social, and cultural spheres of the Russian Federation. The author explains the reason of the current budget orientation to social and economic policies, as well as the economic phenomena and situations in the Russian Federation which led to the adoption of the Federal Law ‘On the Federal budget for 2018 and the planning period of 2019 and 2020’, the fact why these areas are the leading ones in budgeting and which expenditure items this impact is reflected in.