Lecture notes, cheat sheets
Budget law. Drafting budgets (most important) Directory / Lecture notes, cheat sheets Table of contents (expand) 24. Drafting budgets Drafting budgets is the exclusive prerogative of the Government of the Russian Federation, the relevant executive authorities of the constituent entities of the Russian Federation and local governments. The direct drafting of budgets is carried out by the Ministry of Finance of the Russian Federation, financial authorities of the constituent entities of the Russian Federation and municipalities (Article 171 of the RF BC). The drafting of budgets is preceded by work on the development of forecasts for the socio-economic development of the Russian Federation, constituent entities of the Russian Federation and municipalities and individual sectors of the economy of countries, as well as the preparation of consolidated financial balance sheets, on the basis of which executive authorities develop draft budgets. At the same time, when developing a draft budget, financial authorities have the right to receive the necessary information from financial authorities of another level of the budget system of the Russian Federation, as well as from other state bodies, local governments and legal entities (Articles 172, 173 of the RF BC). The Budget Code of the Russian Federation regulates in detail procedure and timing for drawing up the draft federal budget of the Russian Federation. The procedure for drawing up draft budgets of a constituent entity of the Russian Federation and a municipal budget is determined by regulatory legal acts of the corresponding level. The drafting of the federal budget begins no later than 10 months before the start of the next financial year. The draft federal budget is drawn up in accordance with the budget policy of the Russian Federation, as defined in the Budget Address of the President of the Russian Federation. Stages of formation of the federal budget set out in Art. 184 BC RF: 1) development by federal executive authorities of a plan-forecast of the functioning of the Russian economy for the next financial year, on the basis of which the main characteristics of the federal budget for the next financial year are developed; 2) distribution by federal executive authorities of the maximum volumes of budget financing in accordance with the functional and economic classifications of expenditures and by recipients of budget funds, as well as the development of proposals for structural and organizational reforms in the sectors of the economy and the social sphere. The Government of the Russian Federation considers the forecast of the socio-economic development of the Russian Federation for the next financial year and for the medium term, the draft federal budget and draft budgets of state off-budget funds, other documents and materials characterizing the budgetary and financial policy in the next financial year, and approves the draft federal law on federal budget for submission to the State Duma of the Russian Federation. << Back: Classification of sources of financing budget deficits >> Forward: Consideration and approval of draft budgets We recommend interesting articles Section Lecture notes, cheat sheets: ▪ normal physiology. Lecture notes ▪ Hospital therapy. Lecture notes See other articles Section Lecture notes, cheat sheets. Read and write useful comments on this article. Latest news of science and technology, new electronics: The existence of an entropy rule for quantum entanglement has been proven
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