Extra-budgetary funds: the necessity and feasibility of

Extra-budgetary funds are one of the ways to use the national investment and solve the economic problem of the rise and development of production, to overcome the crisis, instability and the temporary stagnation.They play an important role in the economy along with current social and pension funds, health funds of the Russian Federation and others.

The national economy is one of the main types of production.Its basic industry with a functioning market economy requires the modernization and expansion of fixed assets, the replacement of worn-out and obsolete machinery.Light industry needs a revival of agriculture - in the development and continued support.And that's not all the problems facing the economy of the state.Due to the financial crisis grow inflation, budget deficits, as well as internal and external debt of the country.For these reasons, the people, especially vulnerable people are at risk of decline in living standards.All this gives rise to the need for more funding and a concentration of f

unds on the state level.

Extra-budgetary funds - is an effective solution for a variety of factors, the parallel distribution of finances, in addition to state and local territorial budgets.The use of such funds is expressed in the need to reallocate funds in terms of their limitations and the financial crisis, the economy of the country.To do this, it is important to conduct a detailed analysis to identify the most problematic areas of intended use and redistribute financial resources.

Changes in the economy requires professionalism in the management and operational decision-making on the part of the redistribution of finances.In contrast to the budget funds, the use of which is controlled by the legislature (parliament), the expenditure of budgetary funds under the control of the central, national or local governments that enables faster and more efficient reallocation of funds and improves the speed of response to the economic situation of the country, especiallyin terms of the budget deficit.

Extra-budgetary funds are intended not only to regroup funding coming from companies and institutions.Also, these organizations enable to seek additional sources of funds so as to cover the excess expenditure over the revenue side.Sources of financing extra-budgetary funds can be both permanent and temporary, to be different in some jurisdictions from others and determine the scale and nature of the implementation of the tasks during the crisis.

classification of extra-budgetary funds.Today you can find many options for separation of these organizations, depending on the parameters considered.Thus, according to its intended purpose of the Fund are divided into economic and social off-budget funds.In terms of management - at national and regional funds.

recourse to these funds, you can:

1) have an impact on the production process by funding, lending and subsidies to enterprises;

2) contribute to the improvement of environmental protection measures due to special sources and fines from environmental pollution;

3) to maintain the standard of living of the population through the payment of pensions, grants, allowances, and so on;

4) to provide both domestic and foreign loans to foreign countries.

within the law-budgetary funds are exempt from state and customs duties and taxes.Part of these funds can be directed to a constituent activity, and some - on investment in securities.

by world statistics the number of such funds in Western countries ranges from 30 to 80.