The subject of the study is fiscal integration as a mechanism for ensuring the formation of a single economic space of integrating states through budgetary and tax instruments. The purpose of the work is to identify trends in accelerating the pace of fiscal integration in economic unions. The research methodology is based on modern theoretical approaches to the application of fiscal federalism in the integration environment, as well as on a comparative analysis of international law in the field of fiscal integration, budget and tax statistics of the EU and the EAEU. The article examines the phenomenon of fiscal integration as a direction of ensuring the sustainability of national economies when combining financial resources. fiscal integration within the framework of the functioning of various forms of integration entities. The main postulate of the EAEU tax policy has been defined — compliance with the principle of non-discrimination in mutual trade, which provides business entities and citizens with equal conditions in taxation on the territory of another state. It is established that the synergistic effect of the common market is enhanced by the consolidation of financial flows used to prevent external and internal economic and social threats, which leads to the active application of fiscal regulation mechanisms in economic unions. The essence of financial integration is considered. The trends of convergence of budgetary and tax mechanisms, fiscal regulation of income and expenditure for the development of the EU are revealed. Conclusions are drawn about accelerating the processes of fiscal integration in order to ensure the stability and stability of the common market of states that unite into economic unions using fiscal methods

The subject of the study is the main reserve currencies as universal means of payment used to simplify international trade. The purpose of the work is to identify the role and assess the impact of world reserve currencies on the global financial architecture due to the severity of financial and monetary problems in the modern deglobalizing world. Based on the consideration of the results of a number of crisis situations that took place in global development, commonalities and differences between the monetary and financial system and financial architecture in a global context have been established. A critical analysis of the current problems of world reserve currencies, trends in their development in relation to foreign policy activities and processes taking place in the global economy is carried out. Possible directions of research on the global financial architecture in connection with the problems of the development of world reserve currencies in the global economic space are identified. Conclusions are drawn about the relationship and influence of world reserve currencies on the global governance system and increasing their role in maintaining the stability of the global monetary and financial system.

The relevance of the study is due to the need to carry out foreign economic activity and international settlements in the conditions of isolation of the Russian Federation from the global dollar monetary and financial system, including the payment infrastructure. The subject of the study is digital technologies of international settlements. The purpose of the work is to identify the advantages and disadvantages of alternative ways for Russian residents to make cross–border payments based on digital technologies in the context of sanctions restrictions. During the study, based on the use of content analysis, retrospective analysis, logical and comparative analysis methods, the advantages and limitations of international settlements using cryptocurrencies in peer-to-peer format and with the participation of banks were identified, the possibilities of stablecoins were established, including the prospects of the BRICS token (BRICS Food Token — BFT), as well as the creation of settlement-the payment system of digital currencies of the central banks of the BRICS countries with different. The result of the study was the conclusion that it is advisable to simultaneously form several vectors for the development of digital financial mechanisms for international settlements with the participation of the Russian Federation, including the use of cryptocurrencies, stablecoins, digital currencies of central banks and their combination with fast payment systems of friendly countries within the framework of BRICS and the EAEU.

The relevance of the article is due to the aggravation of international relations, the regulation of which is impossible without overcoming the global financial crisis with financial policy instruments and mechanisms. The subject of the study is the financial aspects of national and international governance, leading to the dysfunctionality of the global monetary and financial system. The objectives of the work are to identify the components of the international monetary and financial system underlying the regulation of global finance, the mechanisms that generate crisis phenomena in the world, and to establish the role of individual components of the Main Directions of the unified state monetary policy of the Bank of Russia in terms of achieving economic growth. As a result of the study, the key components of the new monetary and financial system that determine the transformation of the global socio-economic paradigm are highlighted. The financial and legal mechanism underlying unipolar dominance is revealed, and ways of its transition to a multipolar world and a growth economy are proposed through financial and legal instruments based on the application of a dialectical approach, methods of comparison, grouping, statistical, graphical methods, as well as descriptive analysis. As a result of the study, it was concluded that the key to solving the problem of strengthening national sovereignty and partnerships between states on an equal and mutually beneficial basis lies in the field of financial policy and legal frameworks, as well as in the system of international monetary regulation.

The subject of the study is modern digital technologies as factors in the development of international settlements. The purpose of the work is to establish the specifics of international settlements in digital currencies in the context of sanctions pressure on Russia. The article discusses new digital technologies that can be used to make international payments without the use of «toxic» world reserve currencies. The prospects of using digital financial assets for international settlements are assessed using the example of various forms of centralized and decentralized digital currencies, such as cryptocurrencies, stablecoins, and national digital currencies. It is noted that the most promising form of international settlements are national digital currencies, the value of which, unlike decentralized cryptocurrencies, is set and guaranteed by the state through the central bank. It is concluded that the optimal form of international settlements for Russia in the future may be the implementation of the digital ruble project, the use of which as an instrument of international payments is possible thanks to the joint efforts of interested countries to create appropriate technical prerequisites for financial cooperation in this area.

The subject of the study is the impact of tight monetary policy on the mechanisms for attracting financial resources. The objectives of the work are to analyze and systematize financing mechanisms for investment projects in the high–tech sector, taking into account the specifics of this sector and the external financial and economic conditions of its functioning in Russia, to establish directions for improving the system of financing mechanisms to achieve the objectives of scientific and technological development of the Russian economy. The paper analyzes the monetary policy implemented in Russia, as well as approaches to the definition of high-tech companies, reflects the features of investment projects related to the high-tech sector of the economy. The features of existing methods of financing investment projects and existing measures of state support and incentives are considered. Proposals have been formulated to improve the system of mechanisms for attracting financing to investment projects, taking into account the specifics of the high-tech sector. Special attention is paid to the possibilities of putting into practice tools related to the expected start of the use of digital currency and the expansion of the use of digital financial assets. The conclusion is made about the need for a systematic approach to the introduction of new mechanisms for financing investment projects, as well as their state support

The subject of the study is the cross–border movement of capital regulated by international organizations and agreements concluded by them. The purpose of the work is to identify the role of international agreements, taking into account the peculiarities of their regulation in historical and modern contexts. The relevance of the article is determined by the specifics of the international monetary system in the new economic reality. The research methodology includes the use of methods of expert assessments, analysis and synthesis, concretization, and sistematization. The article examines the role of the IMF, OECD, WTO, and UNCTAD in regulating cross-border capital flows. The approaches of international organizations to their regulation at different stages of the process of transformation of the global financial architecture are revealed. The features of the WTO’s role in the context of the Agreement on Trade-Related Investment Measures (TRIMS) are determined and the General Agreement on Trade in Services (GATS). The results of the negotiations were evaluated in order to develop a multilateral agreement. The special conditions for the regulation of cross-border capital movement by free trade agreements and international investment agreements are disclosed. It is concluded that the measures used in various formats to regulate cross-border capital movement do not contradict each other, although the content of the main provisions of the basic documents sometimes differs significantly.

The subject of the study is the interaction of business entities in the financial market in the context of the functioning of new economic networks. The purpose of the work is to establish prospects for the integration of new economic networks into the infrastructure of the financial market of the Russian Federation. In the course of the research, the features of the functioning of established (familiar) and emerging (new) economic networks, the prerequisites for their appearance and the conditions necessary for their further development are considered. The main participants of the new financial networks have been identified. The concept of an environment within which the interaction of participants in the economic network is carried out is introduced. The possible advantages of new networks such as increased transparency, speed of operations and reduction of transaction costs are analyzed. To assess the effectiveness of economic networks, it is proposed to use two groups of criteria — «effectiveness» and «resource intensity». It is noted that the regulatory uncertainty of new networks can negatively affect their further development and effective functioning. The potential of new networks for the transformation of the financial market and further integration into the existing financial system is assessed. It is concluded that the financial market is actually a set of interconnected economic networks, each of which performs its own specific function for the distribution and redistribution of capital. At the same time, the formation of a new network is not a guarantee that it will be better than existing networks, and for their effective functioning it is necessary to comply with the mandatory performance characteristics.

The relevance of the work lies in the need, in conditions of increasing instability and political tension, to promptly make managerial decisions in the field of public finance with a focus on predictive models that are adjusted in real time. The subject of the study is the relationship between Russian economic indicators and their use for forecasting federal budget revenues. The purpose of the work is to forecast federal budget revenues through the use of MIDAS models. The main research methods were the analysis of the interrelationships of economic indicators, comparison of the results obtained using MIDAS models. The result of the work was the choice of a model for forecasting federal budget revenues, which is based on multifrequency data that allows for a high degree of reliability in real time, taking into account business activity and the external economic situation. Using the results of this study will improve the accuracy of forecasting federal budget revenues. It is concluded that the MIDAS model will further provide the opportunity to make quarterly adjustments taking into account changes in the market situation.

The growth of financial literacy, expansion of coverage and improvement of the quality of financial education and awareness of the population, implying obtaining sufficient knowledge and skills in the field of finance, which allow to correctly assess the financial situation on the stock market and make reasonable decisions, contribute to the increase of investment activity of young people, which determines the subject of this article —  investment strategies of youth. The purpose of the work is to identify the features of the investment behavior of young people in the stock market. As a result of the conducted research, it was revealed that young people are becoming more interested in securities transactions, which is facilitated by the relatively soft monetary policy of the Central Bank, increasing financial awareness of citizens, as well as measures taken by the state to ensure transparency and accessibility of financial instruments. Nevertheless, the activity on the stock market on the part of young people is associated with a number of risks, among  which one can highlight the lack of necessary knowledge about the possibilities of the stock market and the current socio-economic instability in the country and the world. Especially these problems can be felt for young people due to their lack of experience, and in some cases, knowledge, which can provoke problems with the mental health of young people due to their psychological and mental characteristics inherent in this age.

The subject of the study is the state management of the socio-economic development of the country. The purpose of the work is to establish promising areas for improving public management based on a comprehensive methodology combining normative and positive analyses, institutional and systemic approaches. The empirical basis of the study was statistical data, regulatory legal acts, and materials from government agencies. A series of in-depth interviews with government officials has been conducted. The main dysfunctions of public administration have been identified: insufficient flexibility and adaptability, weak interdepartmental coordination, a shortage of qualified personnel, and a low level of innovation. Priority measures to solve these problems are substantiated through the transition to matrix management structures, the introduction of agile approaches, the formation of a system of continuing education for civil servants, the creation of digital platforms for interaction between the state, business and citizens. The obtained research results allow us to adapt the theory of public administration to the Russian realities. The proposed recommendations can be used in the development of administrative reforms, strategies and programs. It is concluded that it is necessary to continue the search for optimal management models in the face of instability challenges.

The subject of the study is ensuring the information openness of government structures. The purpose of the work is to substantiate the directions for improving the ways of representing open government data. The article substantiates the directions for improving the ways of representing open government data. At the conceptual level, it is determined in what ratio open data are with information about the activities of the authority; with official and departmental statistics; with data operated by state information systems. At the methodological level, based on the analysis of web resources and generalization of best practices, a set of requirements for a regional open data portal is formulated. The article identifies possible goals for the publication of open data, consisting in scientific and methodological support for management, the development of public control, and the provision of material for the development of projects to create useful services. The results of the analysis of the information content of regional open data portals are presented, which allow not only to understand the current situation on the ground, but also to form a system of criteria for the quality of their information content. It is determined that the further development of the practice of posting open government data depends on solving such methodological problems as correlating the concepts of «open data» and «state statistics data», comparing statistical and departmental data, classifying posted official information as «open data», streamlining approaches to centralization/regionalization of open data. Based on the analysis of the accepted definitions of open data, it was revealed that they highlight only the properties, and not the meaningful characteristics of such data. It is concluded that it is necessary to streamline the structure and content of regional open data portals, as well as embed relevant information in industry Internet resources

The subject of the study is the relationship between the Russian regions and the Federal Center for Environmental Policy and environmental protection. The purpose of the work is to establish the expediency of expanding the legal framework of the subjects of the Russian Federation to solve environmental problems, taking into account the specifics of the regions and the possibilities of socio-economic development. The impact of existing and developing national projects aimed at solving environmental problems is considered, the need to expand the capabilities of regions/subjects, taking into account regional peculiarities of environmental policy, to achieve the 2030 Sustainable Development Goals and the 2036 national development goals is justified. It is shown that municipalities play an indispensable role in the implementation of the rights of indigenous peoples and local communities living in fragile aquatic ecosystems and native habitats. It is proposed to consider as a priority the acceleration of the transition of Russia and other major emitters of CO2 emissions to comply with the deadlines set by UN documents. It is noted that high-quality healthy ecology is not only a global public, but also a national and territorial good, measures to protect which must be provided for when developing new national projects «Environmental well-being» and «Infrastructure for Life». It is concluded that in Russian statistics it is advisable to expand the reporting system on the implementation of the UN Sustainable Development Goals related to environmental protection. It is proposed to consider cooperation in countering threats to environmental balance as the main direction of cross-border cooperation between Russian regions and territories of neighboring countries.

The subject of the study is the change in the strategy of low–carbon development in the European Union after the adoption of the «Green Course» in the context of the transformation of the global financial system and the growth of «green» investments. The ambitious policy of the European Union (EU) to achieve carbon neutrality by 2050 is hampered by the geopolitical and energy crises, trade and sanctions restrictions, and the destruction of energy infrastructure, which force governments to make adjustments to previously made strategic decisions. In crisis conditions, the EU did not abandon the previously set climate goals, making them even more ambitious. The aim of the work is to establish prospects for the continuation of the EU’s «Green Course» in new conditions in order to preserve and increase the competitiveness of their economies by strengthening climate regulation and extending it to other countries. To do this, the EU resorts to non-market measures and mobilizes various mechanisms: political economic, legal, financial, sanctions, scientific, technological and institutional. Directives and regulations aimed at decarbonization in the long term are being adopted. The article analyzes incentive measures for European producers and the most important initiatives taken both within the EU and internationally to promote their interests, ensure access to critical raw materials and maintain the competitiveness of the European economy. The conclusions are drawn that the variety of measures taken recently indicates that the EU policy on «green» development is becoming integrated and coordinated to ensure a leading position in the field of low-carbon goal setting and the development of legal norms and standards

The subject of the study is tax administration in a mobilization economy. The purpose of the work is to identify the potential of tax administration, which allows solving fiscal problems while ensuring the stability of the tax burden on business in the context of expanding the information base and improving processing technologies obtained from various data sources. The object of the study is the areas of tax administration, including the development of electronic services and the interaction of participants in tax relations. The research methodology is based on the theory of economic development, the place and role of tax administration in achieving stability of budget revenues. It is established that the functioning of special administrative regions (SAR) can act as a factor in increasing tax revenues when solving the problem of attracting foreign investment from foreign offshore companies. It is concluded that the main directions of solving the tasks set within the framework of measures taken within the framework of the mobilization economy are the identification of new objects of taxation, the development of adaptive forms of interaction with taxpayers, the expansion of the use of tax monitoring, and the deepening of a targeted approach to tax control.

In the context of the renewal of the tax system in the Russian Federation from 2025, the topic of assessing the impact of changes in the taxation procedure on the well-being of various groups of the population and society as a whole has become particularly relevant. The article examines the international experience of analyzing the effects of tax policy based on OLG models of overlapping generations, taking into account the level of labor productivity of individuals, their education, wealth and life expectancy. It is shown that the transition to a progressive scale of taxation of personal income necessitates a choice between reducing social inequality and economic growth. Progressive taxation reduces the incentives for high-paid workers to work. An increase in taxes on capital does not contribute to investment and accelerate economic growth, but it can reduce social inequality if the amounts received from additional tax collections are directed to social transfers. The values of the optimal marginal tax rates on income are given, depending on the specific parameters of the chosen taxation model. Taking into account the realities of recent years, it is concluded that the burden on the budget is increasing, forcing the leadership of countries to raise taxes. However, the effectiveness of implementing this measure largely depends on the structure of the redistribution of additional tax revenues, as evidenced by most studies: if in the short term the impact on economic growth from the transition to a progressive tax system is weakly negative, the effect of changing the taxation order in the long term depends entirely on the effectiveness of the redistribution of additional budget revenues.

The subject of the study is informal employment of the population, taking into account the established positive judicial practice, entailing the occurrence of tax risks and, as a result, loss of budget revenues, loss of the possibility of using guaranteed state social protection by employees engaged in labor relations without contractual relations. The purpose of the work is to identify ways to legalize income earned by citizens of working age without registration of employment contracts. The relevance of the article is due to the fact that in modern economic conditions, the practice of relations between employers and employees who carry out employment activities without formalizing contractual relations and receive remuneration for work «in envelopes» and, accordingly, deprived of the rights to state guarantees of health protection at the expense of the relevant budget, insurance premiums and pension provision has not yet been eliminated. The study analyzes the consequences of using informal wage payment schemes through the use of analytical and logical approaches, comparison, generalization, etc. It is concluded that constant monitoring of the relationship between employers and employees is necessary, aimed at identifying the emergence of prerequisites for the manifestation of risks of paying income to employees «in envelopes» for the performance of work duties, and minimizing the consequences of them for citizens, the state and employers. It is proposed to give the commission on the legalization of income and the tax base on personal income tax and insurance premiums the right to hold employers accountable for using «envelope» schemes for paying employees for their work.