BUDGETARY CONSOLIDATION AND REFORMING OF BUDGETARY RULES
This article discusses the program of fiscal consolidation as one of the main directions of fiscal policy 2018-2020 and an anti-crisis tool. Its background, nature and effectiveness disclosed in detail. The article is devoted to the study of the stabilization of the state budget, the reduction of government spending and increasing their efficiency, as well as the study of the dependence of the real exchange rate of the ruble on the volatility of oil prices. Particular attention is paid to the construction of budget rules as one of the effective tools of fiscal policy, namely: reviewed the shortcomings of previous structures, the determination of the base price for oil and natural gas, and the new method for calculating the marginal amount of federal spending. At the end of this work, the results of the introduction of a new design of budgetary rules are summarized, and attention is paid to the new law on the Federal Budget and its main features and differences from the draft budgets of previous periods.