The impact of modern challenges on budgetary policy in Russia

Introduction. In conditions of political uncertainty, as well as unprecedented sanctions pressure from Western countries on the Russian Federation, national economy has faced certain challenges, which is reflected in the federal budget of the Russian Federation, through the impact of national tax, monetary and budgetary policies. Simultaneously with the need to develop digital transformation, stabilize a sharp increase in inflation, as well as reorientation to the domestic market, the administrative apparatus of the Russian Federation is forced to direct funds to protect the country's sovereignty. Goal. Determining the trend in the development of the economy of the Russian Federation by identifying the risks and prospects for the formation and use of the federal budget of the Russian Federation. Highlighting changes in the process between the formation of the planned value of the budget and its subsequent execution. Materials and methods. The study is based on the analysis of freely available data, including the main parameters of the federal budget for the period under review (income items, expenditure items, deficit, surplus), the main directions of tax, budget and customs tariff policy. The analysis presents the study of macroeconomic indicators such as GDP, inflation and public debt servicing. Results and discussion. In the course of the work, it was found that in the budget of the Russian Federation for the period under review, there is a tendency to reduce oil and gas dependence and reorientation to internal ways of financing the budget. The Central Bank and the Ministry of Finance are implementing an active policy to stabilize the economy in conditions of increased uncertainty. Conclusion. Based on the results of the study, it can be concluded that the economy of the Russian Federation annually faces exogenous and endogenous challenges and, using the most modern and successful methods, levels the impact of negative manifestations.