State and municipal finances. Subventions (the most important)

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State and municipal finances. Subventions (the most important)

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28. Subventions

Subventions - this is a type of transfer that comes from the Federal Compensation Fund to the constituent entities of the Russian Federation and municipalities. The Federal Compensation Fund is formed as part of the federal budget in order to provide subventions for the fulfillment of spending obligations.

Subventions from the Federal Compensation Fund are distributed among the subjects of the Russian Federation in accordance with the methodology approved by the Government of the Russian Federation.

The total volume of the Federal Compensation Fund is approved during the third reading of the law on the federal budget.

Subventions are credited to the budget of the subject of the Russian Federation and are spent in accordance with the adopted regulatory legal acts of the Government of the Russian Federation. And the subventions provided for the fulfillment of certain expenditure obligations of municipalities are spent in accordance with the regulatory legal acts of the Government of the Russian Federation, the regulatory legal acts of the constituent entities of the Russian Federation. Subventions to municipalities are transported through a regional compensation fund specially created as part of the subject.

Subventions from the Federal Compensation Fund are distributed among all constituent entities of the Russian Federation in proportion to the population, consumers of budgetary services, persons entitled to receive transfers to the population, and other indicators, taking into account objective conditions that affect the cost of providing budgetary services.

Until August 1 of the current financial year, the Ministry of Finance of the Russian Federation sends the methodology for distributing subventions from the Federal Compensation Fund to the executive bodies of state power of the constituent entities of the Russian Federation. Until October 1 of the current financial year, the data are reconciled (together with the executive bodies of state power of the subjects). After this date, changes to the initial data for calculating the distribution of subventions from the Federal Compensation Fund for the next financial year are not allowed.

In 2007, it is planned to allocate subventions from the Compensation Fund for the following purposes:

1) distribution of subventions to the budgets of the constituent entities to increase the monetary allowance for employees and wages for employees of the territorial divisions of the State Fire Service, maintained at the expense of the budgets of the constituent entities of the Russian Federation. In total, 4 thousand rubles were allocated;

2) distribution of subventions to the budgets of the constituent entities of the Russian Federation for the implementation of powers in the field of organization, regulation and protection of aquatic biological resources for 2007. The total amount of subventions allocated to the constituent entities is 46 thousand rubles;

3) distribution of subventions to the budgets of the constituent entities of the Russian Federation to provide subventions to the budgets of closed administrative-territorial formations, subventions for the resettlement of citizens and the development of social and engineering infrastructure to the budgets of closed administrative-territorial formations for 2007.

Author: Novikova M.V.

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