Budget law. Budgets of the constituent entities of the Russian Federation (the most important)

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Budget law. Budgets of the constituent entities of the Russian Federation (the most important)

Lecture notes, cheat sheets

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31. Budgets of the subjects of the Russian Federation

In accordance with the provisions enshrined in Art. 15 BC RF, the budget of the subject of the Russian Federation (regional budget) is a form of formation and spending of funds per financial year, intended for the fulfillment of expenditure obligations of the corresponding subject of the Russian Federation. Each subject of the Russian Federation has its own budget.

Similarly to federal bodies, state authorities of the constituent entities of the Russian Federation are prohibited from using other forms of formation and spending of funds to fulfill the expenditure obligations of the constituent entities of the Russian Federation, with the exception of cases expressly provided for by the provisions enshrined in the RF BC.

Powers of individual subjects of the Russian Federation established by the Constitution of the Russian Federation in accordance with the norms on the division of subjects of exclusive jurisdiction of the Russian Federation and subjects of joint jurisdiction of the Russian Federation and subjects of the Russian Federation: in other subjects, the subject of the Russian Federation has full state power.

Spending obligations subject of the Russian Federation directly follow from its powers. A specific list of powers of the subject of the Russian Federation is fixed by the constitutions or charters of the corresponding subject.

The budget of a constituent entity of the Russian Federation finances, in particular, state authorities of a constituent entity of the Russian Federation, regional targeted programs in various sectors, etc. The regional budget acts as a financial guarantee for the exercise of the powers of the corresponding constituent entity of the Russian Federation.

The regional budget is economic basis for the public sector of the economy of the corresponding subject of the Russian Federation. In addition, financial assistance is provided from the regional budget to the budgets of municipalities in the territory of a given subject of the Russian Federation in cases and in the manner established by the current legislation of the Russian Federation.

The budgets of the subjects of the Russian Federation, in accordance with the budget classification, separately provide for funds allocated for the fulfillment of expenditure obligations of the subjects of the Russian Federation in connection with the exercise by the state authorities of these subjects of powers in the subjects of the jurisdiction of the subjects of the Russian Federation and the powers in the subjects of joint jurisdiction specified in the Federal Law "On General Principles organizations of legislative (representative) and executive bodies of state power of the constituent entities of the Russian Federation", as well as expenditure obligations of the constituent entities of the Russian Federation, carried out at the expense of subventions from the federal budget.

The budget of the constituent entity of the Russian Federation and the set of budgets of municipalities that are part of this constituent entity of the Russian Federation form the consolidated budget of the constituent entity of the Russian Federation.

Consolidated budget - a set of budgets of all levels of the budget system of the Russian Federation in the corresponding territory (Article 6 of the Budget Code of the Russian Federation).

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