The institutional factors of forming the fiscal system in Russia

The period between 1990 and 1998 largely determined the current state and change of the fiscal system. The goal is a structural change of the legal framework regulating fiscal relations. According to Russia’s Tax Code, the fiscal system’s goal is to achieve an equilibrium of state and private interests, since the legislation includes clear definitions of the principal concepts and terms etc. The Tax Code defines the order of determining the inventory of current taxes and duties of different levels, which is a required condition for the fiscal system to be stable.