FISCAL POLICY OF RUSSIA'S DEVEL-OPMENT

Abstract

With the sanctions restricting Russia's for-eign economic activity, high inflation re-mains, provoked by indirect taxes, which reflect the insufficient efficiency of material production in the system of distribution rela-tions. Direct taxes have a significant impact on the pricing strategy of a business. The fiscal policy of the state does not adjust the economy to high efficiency and social jus-tice. The profit is mainly obtained by infring-ing on the interests of buyers. Artificial re-striction of the physical volume of sales neg-atively affects employment. The tax system brings the fiscal function of taxes to the fore. It is necessary to create incentives to in-crease the return on funds, reduce the capi-tal intensity of production. The state should provide financial support, first of all, to those industries and companies that are ready to expand production with lower prices and in-creased profitability.