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Budget system of the Russian Federation. System of bodies with budgetary powers (most important)

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16. System of bodies with budgetary powers

Authority of authorities are as follows:

1) legislative bodies consider and approve budgets and reports on their execution, exercise control over the execution of budgets, form and determine the legal status of bodies exercising control over the execution of budgets, exercise other powers;

2) executive authorities, local self-government bodies draw up a draft budget, submit for approval by the legislative body, a representative body of local self-government the execution of the budget, submit a report on budget execution for approval by legislative bodies, representative bodies of local self-government, exercise other powers;

3) the budgetary powers of the Bank of Russia - the Bank of Russia, together with the Government of the Russian Federation, develops and submits for consideration by the State Duma the main directions of monetary policy, maintains budget accounts, and performs the functions of a general agent for government securities of the Russian Federation;

4) credit organizations may participate in the implementation of operations to provide budget funds on a repayable basis;

5) bodies of state, municipal financial control exercise control over the execution of budgets and budgets of state non-budgetary funds and conduct examinations of draft budgets, federal and regional targeted programs and other regulatory legal acts.

Bodies of state, municipal financial control carry out preliminary, current and subsequent control over the execution of budgets and budgets of state non-budgetary funds.

The Accounts Chamber of the Russian Federation, the Federal Service for Financial and Budgetary Supervision conduct audits of the budgets of the constituent entities of the Russian Federation and local budgets.

The control body, the financial body of the constituent entity of the Russian Federation, authorized by the executive authority of the constituent entity of the Russian Federation, conducts audits of local budgets.

The main manager of federal budget funds is the state authority of the Russian Federation, which has the right to distribute federal budget funds to subordinate managers and recipients of budget funds.

The main manager of the funds of the budget of the subject of the Russian Federation, the funds of the local budget is the state authority of the subject of the Russian Federation, local government, budgetary institution.

The main manager of budgetary funds is the Government of the Russian Federation.

Author: Natalia Burkhanova

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