Financial and budgetary aspects of the implementation of national projects in the Russian Federation

The implementation of national projects, formed in accordance with the Decree of the President of the Russian Federation No. 204 of May the 7th, 2018, can provide a significant positive impact on the socio-economic development of the country and its regions. However, a favourable large-scale effect of these projects is associated with providing a number of conditions. One of them is the financial and budgetary support of national projects, more precisely, the completeness, timeliness and targeting of the resources used for the projects. The article considers financial and budgetary mechanisms used for the implementation of national (federal) and regional projects. Attention is focused on the need to solve such problems as the adequacy and timeliness of funding, improving the financial instruments used in this process, and combining the prevailing financial participation of the Federal centre with increasing responsibility and interest of the entities of the Russian Federation in the full and effective use of the resource base of national projects. The paper argues that it is necessary to expand the powers of the regions in the implementation of national projects. Moreover, the study emphasizes the need for more precise integration of national projects and the system of their financing into the current practice of strategic planning, in particular, in the documents of strategic planning both at the federal and the regional levels.