Budget revenue item and its structural elements

The income item of the budget isthe source of the receipt of funds necessary for the financing of public activities. It includes such elements as taxes, non-tax revenues and contributions to various state funds.

In accordance with modern legislationbudgets 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 into the irretrievable and gratuitous order at 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 specific type of budget.

Budget revenues are formed not only at the expense oftax and non-tax revenues, but also with 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 andfees provided for by law. Also, the source of the 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 field of taxation.

Budget revenue in the part of non-taxreceipts is formed due to 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 the territory of Russia;

- registration fees and license fees;

- a single tax on imputed income for types of activities approved by regulations 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.