Budget system of the Russian Federation. Powers of participants in the budget process at the federal level (the most important)

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Budget system of the Russian Federation. Powers of participants in the budget process at the federal level (the most important)

Lecture notes, cheat sheets

Directory / Lecture notes, cheat sheets

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17. Powers of participants in the budget process at the federal level

Participants in the budget process with budgetary powers at the federal level are:

1) President of the Russian Federation;

2) the State Duma of the Federal Assembly of the Russian Federation;

3) Federation Council of the Federal Assembly of the Russian Federation;

4) Government of the Russian Federation;

5) Ministry of Finance of the Russian Federation;

6) Federal Treasury;

7) bodies collecting budget revenues;

8) Bank of Russia;

9) Accounts Chamber of the Russian Federation;

10) Federal Service for Financial and Budgetary Supervision;

11) state off-budget funds;

12) main managers and managers of budgetary funds;

13) other bodies entrusted with budgetary, tax and other powers by the legislation of the Russian Federation.

The Ministry of Finance has the following budgetary powers:

1) draws up a draft federal budget, submits it to the Government, takes part in the development of draft budgets of state extra-budgetary funds;

2) draws up and maintains a consolidated budget breakdown of the federal budget and submits it to the Federal Treasury;

3) develops a program of internal state borrowings of the Russian Federation;

4) develops a program of external state borrowings of the Russian Federation;

5) carry out management of accounting and reporting of legal entities;

6) organize the execution of the federal budget; The Federal Treasury has the following

budget powers:

1) distributes revenues and other receipts between the budgets of the budgetary system of the Russian Federation;

2) opens accounts with the Bank of Russia and credit institutions for accounting for federal budget funds and other funds, establishes the regime for these accounts;

3) establishes the procedure for cash services for the execution of budgets of the budget system of the Russian Federation;

4) establishes the procedure for opening and maintaining personal accounts of the main administrators, administrators and recipients of federal budget funds;

5) draws up and submits to the Ministry of Finance of the Russian Federation a report on the execution of the consolidated budget of the Russian Federation on the basis of a report on the execution of the federal budget;

6) exercise other powers.

Author: Natalia Burkhanova

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