At the moment, corruption is one of the most acute problems of the Russian state, society and economy. The negative impact of corruption on the country's economy is steadily growing, the scale of corruption is increasing, the areas of corruption actions are expanding and already cover almost all socio-economic processes of the country. Corruption affects all stages of economic processes without exception, covering the production of resources and their subsequent distribution, which has a destructive effect on the overall state of the country's financial and economic system, including by reducing the tax base, worsening tax collection, and reducing budget revenues. Due to corruption manifestations in the economy, not only a significant part of the country's material resources "falls out" of official circulation, but also there is a distortion of tax, statistical and financial reporting, which, in turn, leads to a decrease in the transparency of the economy. In fact, "in the shadow" there is a huge unused reserve of resources and opportunities for economic growth, which, if legalized, could become a significant help for the progressive development of the country. Finally, the high level of corruption in the Russian economy seriously worsens the country's investment climate and destroys its image as a reliable business partner.
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31 March 2022
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Borodin, V. A., Nagaeva, E. A., Prokhorova, E. S., Ustinkin, S. V., & Akatiev, D. Y. (2022). Assessment Of The Corruption Of Individual Authorities In Nizhny Novgorod Region. In & I. Savchenko (Ed.), Freedom and Responsibility in Pivotal Times, vol 125. European Proceedings of Social and Behavioural Sciences (pp. 500-505). European Publisher. https://doi.org/10.15405/epsbs.2022.03.60