Russia’s Budget Policy: Present Priorities and Implements

The transformation of the national economy faces mounting pressure because of macroeconomic instability, technological advancements, and geopolitical tensions. Russia’s national growth strategy grapples with the challenge of balancing increased budget incentives for new growth points with the necessity of fiscal sustainability. This is achieved through systemic strategies and targeted fiscal policies. This study aims to pinpoint and assess significant aspects of current Russian budget policy. Its focus is on how this policy contributes to social stability, encourages technological advancement, and supports regional growth. The author employed systemic and institutional analysis, comparative methods, expert assessments, and statistical data analysis as their methodological framework. This enabled the author to pinpoint significant structural and dynamic shifts in budget policy related to funding and to gauge the expected effects of budget policy actions in the medium to long term. As the result the study concluded that a budget policy focused on social well-being reinforces economic stability and promotes fair benefit distribution across various societal segments. This is achieved through a steady enhancement of living standards, a decrease in inequality, and improvements in crucial health and education metrics.