Budgetary sustainability and policy of the Russian Federation under sanctions pressure

The article provides clear definitions for several important concepts related to budget and debt sustainability, such as budgetary sustainability, budgetary balance, debt sustainability, budgetary gap, and budgetary imbalance. It also highlights the distinction between budgetary and debt sustainability. The relevance of the article lies in the current unprecedented sanctions pressure imposed by the Western countries on the Russian economy, which has had a negative impact on budgetary sustainability and balance. This situation necessitates a thorough analysis of the state's budgetary and tax policies during times of crisis. Additionally, it calls for the exploration of mechanisms to forecast and evaluate budgetary sustainability. The article specifically focuses on Russia's budgetary policy in 2022, as well as in the years 2023-2025, under the conditions of sanctions pressure. It gives an assessment of how the Russian economy is adapting to the restructuring of economic relations and mitigating the consequences of these sanctions. Moreover, the article presents an analysis of the main parameters of the consolidated budget of the Russian Federation for the current financial year, the following financial year, and the planning period. This analysis utilizes both quantitative and qualitative criteria to identify the key tasks that the state needs to address in terms of budgetary policy. These tasks primarily involve financing national development goals, such as national projects and measures outlined in Presidential Messages. Finally, the author draws practical conclusions regarding to the strategic vision and risks associated with implementing the budgetary policy of the Russian Federation in the years 2023-2025.