Budget execution

Implementation of the budget is considered a process of achievingmain goals and objectives set in the planning period. It's no secret that when approving the budget for the next fiscal year, an estimate of the revenue and expenditure part is made, which must be adhered to throughout the period.

According to the current legislation,the execution of the budget is assigned to the state authorities according to each level of the given system. The Ministry of Finance establishes the main financial indicators that the state budget must meet, that is, the consolidated balance sheet. Particularly this aspect concerns the level of the deficit or shortage of income from own sources to cover the planned expenses. For this purpose, an annual limit of deficit is established annually, exceeding which requires the introduction of emergency measures. As a rule, in this case, sequestration is introduced - a procedure that involves a proportional reduction in state expenditures. The only exceptions are socially protected articles, for example, payments of pensions, allowances, scholarships, support for the most important social and economic programs in the country.

If to speak in the actual plan, thendirect execution of the budget for expenditures is carried out by fund managers, especially financial authorities. A vivid example of this is the Ministry of Finance, which is able not only to monitor, but also to correct the set data. But the revenue part is largely fulfilled due to the tax service, which is the main body for accumulating funds in the treasury of the state.

As is known, in Russia the budgetary system consists offrom three main links: federal, the budget of the subjects of the federation, local budgets. The federal treasury can be considered a unifying body, since it places all raised funds in a separate account with the central bank, and then they are distributed in the chosen areas. And the management of the federal treasury is carried out by the Ministry of Finance, which seeks to realize the main goals and objectives. These include:

• adhere to the principle of unity of the cash department, that is, the accumulation of resources coming from different sources on one account;
• determination of the amount of subsidies and other appropriations allocated to other parts of the budgetary system, followed by the transfer of these amounts to the corresponding accounts;
• compilation of a summary statement in the context of fund managers;
• carrying out work on planning and forecasting of the main trends of economic development in the future, making it easier for them to make a budget for the future;
• control over the execution of the budget, which is expressed in the regular provision of reports on the compliance of the actual situation with the planned indicators.

If we talk about documentary design, thencontrol activities are carried out on the basis of budgetary lists. This document is considered a kind of base, based on which you can understand how well the budget is executed. The painting presupposes a thorough reflection of the revenue and expenditure part in all articles stipulated by the legislation and annual practice. Among the sources of income are individuals and legal organizations. From the first tax and non-tax payments are made to the budget at the expense of independent payments in certain bodies. And legal entities, as a rule, transfer funds in a non-cash form from their bank account to the account of the corresponding budget.

And in conclusion I want to note that the executionThe budget assumes strictly targeted use of the received subventions or subsidies. Among the enlarged goals, the content of the state administration apparatus, ensuring the country's defense, and maintaining the branches of the national economy that are of paramount importance are singled out.