Implementation of the budget

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Execution of the budget is considered the process of attaining the goals and objectives set in the plan period.It's no secret that in approving the budget for the next fiscal year, the estimate of revenue and expenditure, to be followed during the entire period.

According to existing laws, implementation of the budget assigned to the bodies of state power according to each level of the system.The Ministry of Finance sets the main financial indicators, which must conform to the state budget, ie, the consolidated balance sheet.Especially this aspect regards the level of the deficit or lack of revenues from its own sources to cover planned expenditures.To do this, set annually by limiting deficit limit above which requires the introduction of emergency measures.Typically, in such a case is entered sequestration - a procedure which implies a proportional reduction in government spending.The only exceptions are socially protected articles, such as the payment of pensions, allowances, scholarships, support for major social and economic programs in the country.

Speaking in actual terms, the immediate implementation of the budget for expenditure of funds performed managers, particularly financial bodies.A striking example of such can serve as the Ministry of Finance, able not only to control, but the adjustment data set.But the income of the largely executed through tax office, which is the main body for the accumulation of funds in the state treasury.

As is known, Russian budget system consists of three main units: the federal, regional budget, local budgets.The unifying authority can be regarded as the federal treasury, since it is all borrowed funds are placed in a separate account at the central bank, and then there is their distribution in selected areas.A Federal Treasury by the Ministry of Finance, which aims to implement the main goals and objectives.To those include the following:

  • adhere to the principle of unity of cash, that is, the accumulation of resources from different sources in a single account;
  • determination of the amount of grants and other allocations intended other parts of the budget system, with subsequent transfer of these amounts to the appropriate accounts;
  • the consolidated statements in the context of spending units;
  • carrying out the planning and forecasting of major trends in the economy in the future, on the basis of which it becomes easier to budget for the future;
  • budget monitoring, which is reflected in the regular reporting of the actual situation according to planned targets.

Speaking of documenting, the control operation is performed based on the budget list.This document is considered to be some basis upon which we can understand how well-made implementation of the budget.Painting involves a thorough reflection of revenue and expenditure in all respects prescribed by law and the annual practice.Among the sources of income isolated individuals and legal organizations.From the first levied the tax and non-tax payments to the budget at the expense of independent payments to certain organs.A legal person, as a rule, transfer funds via bank transfer from your bank account to the account of the relevant budget.

In conclusion we note that the implementation of the budget involves the use of carefully targeted subsidies or subsidies received.Among the objectives of the integrated release the maintenance of public administration, national defense, the maintenance of economic sectors that are crucial.