Budget revenue item and its structural elements

The income item of the budget is the source of the receipt of funds needed to finance government activities. It includes such elements as taxes, non-tax revenues and contributions to various state funds.

In accordance with modern legislation, budgets of different levels consist of both income and expenditure. At the same time, all expenditure and revenue items of the budget are delineated. The revenue of the budget is formed by cash flowing in irretrievable and gratuitous order to the disposal of various levels of state power. Expenditure, like the revenue item of the budget, can be distributed based on their volumes and inclusion in each particular type of budget.

Budget revenues are formed not only through tax and non-tax revenues, but also through the use of various gratuitous transfers. Also, the revenue item of the budget for the current year includes the balance of the corresponding funds at its beginning.

Tax revenues include various taxes and fees provided for by current legislation. Also the source of filling is the penalties and fines applied. We should not forget about additional revenues, such as repayment of tax credits, installments and deferrals in the sphere of taxation.

The revenue item of the budget in terms of non-tax revenues is formed at the expense of the results of the use of property (state or municipal); Profits of budgetary organizations received from the provision of paid services; Funds received through the application of civil, criminal and administrative responsibility (seizures, fines, compensation). These sources can include funds that are received to compensate for damage caused to Russia and its municipalities, as well as financial assistance received from budgets of other levels. This list can not include budget loans, loans and other non-tax revenues.

The revenue items of the state budget differ in structure from local budgets. So, its main sources are:

- tax on the profit of economic entities in accordance with the current Russian law;

- Income tax from individuals in accordance with the approved rates;

- VAT on goods produced in Russia;

- excises on oil, ethyl alcohol, goods imported into Russia;

- registration fees and license fees;

- a single tax on imputed income for activities approved by the standards in compliance with the current legislation;

- tax on transactions with securities;

- payment for the use of subsoil in accordance with approved standards;

- payments for the use of the forest fund;

- payment for water used by business entities;

- land tax or rent for land in cities, towns, as well as agricultural land within the federal budget.