state budget funds - an important component of the formation of public finances, which can be used for social and economic needs.
Formation of income and expenditure of these funds is in accordance with the Budget Code and other legislative acts in the form of annual budget laws.
Thus, the state budget funds represented funds designated for the financing of pensions and social security, insurance, medical care and health.In short, we are talking about all the rights enshrined in the Constitution of the Russian Federation.
Budget execution of any such Fund in a corresponding report is preparing its management body and is available for review and approval to the bodies of supreme power.Supervise the process of the authorities responsible for the execution of the budgets of the same level of the Russian Federation.
state non-budgetary funds of the Russian Federation are formed by the binding targets of payments, calculated in certain percentage of payroll, and may be included in the cost of production.
Today there are more than 30 such funds, which are concentrated more than 60 percent of government revenues.These organizations are divided into social and economic institutions that are different sources of their formation and the scale of the destination and use.
state social extra-budgetary funds are presented in the form of bodies such as the pension fund, social and medical insurance and compulsory.
budget funds economic orientation of the Fund consist of technological development and R & D, financial support and investment sectors.Their goal is to source the accumulation and disbursement of funds for the country.
The history of these funds more ancient than the state budget.At first they were in the form of special accounts.However, in the process of development of the state there was a need to constantly attract more funds.It was then that formed the modern state funds.It is through these organizations became possible to accumulate a larger amount of money, then directing them to specific goals related to health, pensions and insurance.
At the very beginning of its development funds operated on a temporary basis, which included the discontinuation of operations after reaching a specific goal of the state.With the emergence of new challenges and created new organizations that were able to eliminate a main disadvantage of acting first as the lack of finances in some of their surplus funds and others.
the transition to a market economy in Russia, the emergence of these funds is due to several reasons:
- the need for social protection of citizens during a time of economic instability and unemployment;
- the use of funds for their intended purpose;
- the need for a sufficient amount of funds for social issues;
- credit facility it is possible to cover the budget deficit.
state budget funds also have certain characteristics:
- strict planning by public authorities of their size;
- the use of financial resources of these funds for the needs of the state, are not included in the core budget;
- Contributions are tax payments that are set by the state and should be mandatory.
