Kapitonov I.A. Enchancing Innovative Activity of the Fuel and Energy Sector as the Driver for the Revenue Growth of the Russian Federation Budget

Abstract: The subject of the present research article is the need to increase budget revenues from exploitation of national resources. According to the author of the article, this is a typical problem not only for the Russian Federaton. In his research Kapitonov notes that current external economic and geopolitical changes contribute to the decrease of profitability of economic entities of the Russian fuel and energy sector which is bound to have a negative impact on the volumes of tax revenues for the federal budget because these tax revenues considerably depends on the business activity of the energy sector in general. In this article Kapitonov provides a comparative-analytical evaluation of the dynamics and structure of budget revenues in terms of the two basic taxes (corporate tax and mineral extraction tax). The main results of the present research is the key strategies that can contribute to the growth of profitability and rentability of economic entities of the Russian energy sector in the medium and long term which, in its turn, could have increased general volumes of tax revenues for the budget. 

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