Sugarova I.V. The Tax Component of the Formation of the Regional Budget (the Case Study of the Republic of North Ossetia - Alania)

Abstract: The subject of study of this article is the assessment of the current practice in determining the tax component of the regional budget. This problem is growing important due to the existing fiscal policy the priority of which is the create conditions for self-development of regions. Thus, the social and economic development of the regions is related to the strengthening of the revenue base budgets by improving the system of tax revenues and increasing the control over timely payment of taxes.  In her article Sugarova states that the amount of tax revenues in the region depends on the level and quality of economic processes, thus it is proposed to implement the priority areas for the further development thereof. The author of the article analyzes the dynamics of the income structure of the republican budget in the Republic of North Ossetia - Alania as well as analyzes the structure of tax revenues. As a result, the author makes a conclusion about the dominating role of federal taxes  in the process of the formation of the revenue base of the republic budget. The study indicates that the economic development of the region is predetermined by the achieved level of tax revenues that result from the taxable capacity. It is proved that the improvement of the methodology of tax revenue planning must take into acount the indicators of the tax collection rate and risk which would allow to define the most significant risks, assess the risks, what causes them and how to eliminate them and to assess the volume of budget prescriptions taking into account the risks. 

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