Lecture notes, cheat sheets
Budget law. Review and approval of budget projects (most important) Directory / Lecture notes, cheat sheets Table of contents (expand) 25. Consideration and approval of draft budgets The Government of the Russian Federation, an executive body of a subject of the Russian Federation, a local self-government body submit a draft law (decision) on the corresponding budget for the next financial year for consideration by the legislative (representative) body, the representative body of local self-government. Deadlines for submitting a draft federal law to the State Duma of the Russian Federation on the federal budget of the Russian Federation and the procedure for its consideration is regulated by Ch. 22 BC RF. At the same time, the deadline for the consideration and approval of the federal budget of the RF BC does not establish, but regulates only the time limits between the individual stages of consideration and approval of the draft federal budget, while assuming that by the time the corresponding financial year begins, the budget for it will not yet be approved. In case of non-approval of the budget at the beginning of the next financial year, the RF BC provides for a regime of temporary budget management. Terms and procedure for consideration of draft laws (decisions) on the budget of the constituent entities of the Russian Federation and municipalities are regulated respectively by the law of the constituent entity of the Russian Federation and the legal acts of the local self-government body. At the same time, the procedure for consideration of the draft law (decision) on the budget and its approval, determined by the law of the constituent entity of the Russian Federation and legal acts of the local self-government body, must ensure the consideration and approval of the said draft law (decision) before the start of the next financial year. Laws on amendments to the tax legislation of the Russian Federation are submitted for consideration and approval by the legislative (representative) body before the adoption of a law (decision) on the budget. The State Duma considers the draft federal law on the federal budget for the next financial year in four readings: 1) in the first reading, its concept is discussed, as well as the main characteristics of the federal budget: federal budget revenues, the federal budget deficit and sources of its coverage, the total volume of federal budget expenditures for the next financial year; 2) in the second reading, the federal budget expenditures are approved according to the sections of the functional classification of expenditures of the budgets of the Russian Federation and the amount of the Federal Fund for Financial Support of the Subjects of the Russian Federation; 3) in the third reading, the federal budget expenditures are approved according to the subsections of the functional classification of expenditures of the budgets of the Russian Federation and the main administrators of the federal budget funds; 4) in the fourth reading, the said draft federal law on the federal budget is discussed as a whole. After that, the draft federal law on the federal budget is considered by the Federation Council and submitted for signature to the President of the Russian Federation. << Back: Drafting budgets >> Forward: Budget execution We recommend interesting articles Section Lecture notes, cheat sheets: ▪ International economic relations. Crib 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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