Home  Journals  Finance and Credit  47(575) - 2013 December

Features of the budgeting process in the Soviet Union and the Russian Federation

Available online: 30 December 2013

Subject Heading: GOVERNMENT FINANCE

JEL Classification: 

In the article the features of the budgeting process in the USSR and the Russian Federation are considered. On the basis of the comparative analysis the factors causing specifics of the organization of the budgetary process at its separate stages in the USSR and the Russian Federation are noted. The order of definition of the income and expenses of budgets are shown, to feature of their balancing, and also change of a role of financial bodies of higher level of management in this process is considered. Certain requirements to relationship of legislative (representative) authorities and executive authorities as participants of the budgetary process are formulated. Observance of the specified requirements will allow to organize and carry out more effectively consideration and the adoption of the budget, optimum on the volume and structure of expenses and the income, and also sources of financing of its deficiency. Recommendations about improvement of the terminology connected with the organization of the budgetary process in the Russian Federation are offered.

Keywords: budget process, drafting of budgets, review and approval of budgets, budget execution, state and municipal financial control, RF subjects, types of budgets

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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