Abstract
In the conditions of the modern economy, the issues of harmonization of normative legal documents are acute before the economic community. Some documents that regulate the implementation of the budgetary and investment policies of the Russian Federation are in need of improvement. Lack of coordination between official documents gives existing instruments of budgetary policy to contribute to improving the investment climate and stimulating business development. In this regard, the purpose of the article is to develop recommendations for legislation in the field of regulating the budget and investment policies of the Russian Federation.The research methodology based on methods of induction, deduction and comparative analysis. The main results of the work include the formulation of proposals on the harmonization of normative legal documents implemented at the level of the federation and its subjects. The proposals also cover the clarification of the legislation of the Russian Federation in the field of regulation of the state budget and investment policies.