Regulatory role of taxes in formation of incomes of various levels budgets in the Russian Federation

Abstract In this article, we conducted a thorough analysis of the formation of various levels budgets over a long period (from 2003 to 2017 for the federal budget, from 2008 to 2017 for consolidated budgets of the Russian Federation subjects), revealed the insignificant role of taxes assigned to individual budgets in budget revenues, a weak regulatory function of taxes, especially in the budgets of the Russian Federation subjects and municipalities, in budgets of which the role of uncompensated receipts prevails. The study showed a highly financial dependence of the regions and municipalities on the federal center. Held for the period from 2011 to 2017 the rating showed a sharp differentiation of regions in terms of socio-economic development. Deficit characterizes both the federal budget and the budgets of regions and municipalities, which is primarily due to the imperfection of the existing fiscal mechanism in the country.