The role of the State Duma of the Russian Federation in Russia's Fiscal Policy

The level of state development and its citizens’ welfare largely depends on fiscal policy. It guarantees the main activities of the country: maintaining public order and security, free health care and education, providing social security to the population, reducing poverty, improving the quality of citizens life, creating conditions for economic development. The competence of the State Duma of the Russian Federation includes appointing and dismissing the Chairman of the Central Bank of the Russian Federation. In this case, the State Duma exercises its authority alone without any influence from other bodies. The study purpose is to determine the role of the State Duma of the Russian Federation in Russia’s fiscal policy. To achieve the study purpose, comparative, logical and historical methods, which contributed to the disclosure of the topic, were used. The study used materials of federal laws of the Russian Federation, the Budget Code of the Russian Federation, the official website of the State Duma of the Russian Federation and articles by experts in the research. The authors indicate the great importance of the State Duma of the Russian Federation in the fiscal policy of Russia since it is the representative body, which in its essence expresses the will and interests of citizens, should have such broad powers affecting the entire fiscal system of the country.