State and municipal finances. The process of developing draft budgets (the most important)

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State and municipal finances. The process of developing draft budgets (the most important)

Lecture notes, cheat sheets

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13. The process of developing draft budgets

The drafting of budgets is preceded by the development of forecasts for the socio-economic development of the Russian Federation, constituent entities of the Russian Federation, municipalities and sectors of the economy, as well as the preparation of consolidated financial balances, on the basis of which the executive authorities develop draft budgets.

The whole process begins with the Budget Message of the President of the Russian Federation, which is sent to the Federal Assembly no later than March of the previous year.

The Government of the Russian Federation is engaged in the design of budgets, and at the local level - the executive bodies of local authorities. The draft budget is prepared by the Ministry of Finance.

For the formation of the draft budget, the Message of the President of the Russian Federation, the forecast of socio-economic development, the forecast of the consolidated financial balance, and the plan for the development of the economic sector in the given territory are used.

In addition, the calculations use information on the current tax legislation, the estimated amount of financial assistance from the budgets of other levels of the budget system of the Russian Federation, the types and amounts of expenditures from one level of the budget system to another, and the standards of financial costs for the provision of state or municipal services.

Budgeting depends on the calculation of important indicators of GDP per capita, inflation.

The development plan for the state or municipal sector of the economy includes:

1) a list and consolidated plan of financial and economic activities of federal government enterprises;

2) a list and a summary plan of the financial and economic activities of state or municipal unitary enterprises;

3) a program for the privatization of state or municipal property and the acquisition of property into state or municipal property;

4) information on the maximum staffing of state or municipal employees and military personnel for the main administrators of budgetary funds.

The Ministry of Finance of the Russian Federation is developing indicative budget indicators for the medium term, a draft federal law on the budget. At the same time, a medium-term forecast of socio-economic development and a forecast of the Consolidated Financial Balance are being prepared.

The formation of the federal budget begins with the selection by the Government of the Russian Federation of a plan-forecast of the functioning of the Russian economy for the next financial year. Based on the chosen plan-forecast, the federal budget expenditures are distributed.

Author: Novikova M.V.

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