The budget classification of the Russian Federation

budget classification of the Russian Federation is a division of revenues and expenditures for individual groups depending on the specific features.The purpose of this separation is to facilitate the system of financial control and the maintenance of order and involving the use of funds.Indeed, there is a clear classification allows analysts to trace not only the intended use of financial resources, but also to identify aspects of inappropriate investments, or find ways to increase revenues.

budget classification of the Russian Federation is based on the specific requirements and principles.The first group shall comply with the principles of clarity and transparency, so that every person taking law or other public document, understood and guided in this division.There is also a reflection of the system of indicators of expenditure and income are required detailed reflection performance, which greatly facilitates the procedure for checking the quality of implementation of the budget plan.

modern budget classification of the Russian Federation organized in such a way as to ensure comparability of data at the international level.This in turn is a huge step towards strengthening relations with foreign companies.All national companies and organizations, complying with the tax laws must adhere to categories of revenues and expenditures, created by state bodies.So the budget classification of the Russian Federation includes:

1) Grouping of all revenues flowing into state coffers.

2) then recovered following the classification of the expenditure side:

a) organization;

b) function;

c) economic;

d) internal and external sources of financing the budget deficit;

e) types of state internal and external debt.

profitable part is differentiated by income sources.A detail is shown in the formation of separate groups, sub-groups and sub-items.

expenditure reflects the direction of the use of funds received.In this regard, a functional classification is to measure the purposes for which are within the financial resources of division.Most of the funds spent on ensuring the smooth implementation of the main functions of government agencies on the implementation of social programs of the utmost importance.Within the framework of functional differentiation is possible to note the presence of levels.The first reflects the specific sections of the state functions.Under the second level it is commonly understood set of specifying subsections.At the third level of the target article focused spending.That is, the amount goes directly to the administrators and are intended to finance specific needs.The fourth level is the detailed articles on the type of expenditure.In general terms, this division is inherent in each classification the expenditure side.

organizational budget classification of the Russian Federation intended for distribution of financial resources among the recipients or distributors in the framework of the republican and local budgets, and the budgets of the federations.Accordingly, the classification of the economic costs of express economic needs.Next artist reveals the financing of the budget deficit and debt, both internal and external.

budget classification of the Russian Federation aimed at facilitating the achievement of the main objectives of the policy pursued by the state, as well as to simplify the monitoring system of finance in order to facilitate control of the reasonable expenses in a given area.In addition, it allows the government to identify additional sources of income.