Legal Encyclopedia. Letter B

BUDGET SYSTEM

- Based on the ohmic ehkon relations and the state system of the Russian Federation and the rule of law adjustable set of budgets of various levels, which are interconnected in the relationship and interdependence.

BS of the Russian Federation consists of the budgets of 3 levels:

1) the federal budget and budgets of state extra-budgetary funds (reflected in federal laws);

2) the budgets of the RF subjects and budgets of territorial state extra-budgetary funds (developed and approved in the form of laws of subjects of the Russian Federation);

3) local budgets (defined in the acts of representative bodies of local self-government).

BS based on the following principles: 1) the unity of BS RF, which means the unity of all components of BS the state, namely the legislative framework, budget classifications, budget documents forms,

monetary system, the principles of the budget process in the Russian Federation, responsibility for violation of budget legislation, a uniform procedure for financing expenditure budgets of all levels, accounting;

2) the budgets of self-reliance, which is manifested, for example, through the right to the relevant representative bodies independently carry out the budget process at all levels of B. FROM.; have their own sources of revenue budgets of each level, BS, etc .;

3) differentiation of income and expenses between the levels of BS, which is carried out in practice by assigning totally or partially kinds of income and authority for expenditures by all levels of government;

4) Complete reflection of income and expenditure budgets;

5) a balanced budget, which is manifested in the fact that the budgeted costs should correspond to the amount of budget revenues and income from deficit financing sources;

6) efficient and economical use of budgetary funds, reflected in the fact that the expenditure

budgetary resources to achieve the desired results should be minimal, and in order to achieve the best results - in the framework of the budgeted amount of funds;

7) total coverage costs, which means that all the costs should be covered by the sum of the revenues and earnings of deficit financing sources;

8) publicity, manifested in the mandatory publication in the press of the approved budgets and reports on their performance, the representation of all the information on the execution of budgets and public hearing procedures and decision-making on project budgets;

9) The reliability of the budget - is expressed in a realistic calculation of budget revenues and expenditures;

10) targeting and targeted nature of the budget.