REGULATION OF STATE FINANCIAL RESOURCES IN THE SUBJECT OF THE RUSSIAN FEDERATION
The issues of regulation of state financial resources in the subject of the Russian Federation are considered. It is noted that financial features of administrative-territorial subjects of federal states determine the specifics of the financial management mechanism. The principles of the sovereignty of territories included in federal states (political and managerial) are singled out. The influence of the factor of assigning powers on the formation and use of financial resources for the center and subjects of the Russian Federation on the implementation of the principle of independence of subjects is revealed. The higher the level of the legislative act that distributes management powers between the center and the subjects, the more stable is the management system created on its basis. The conclusion is made that the subject of financial management operates in conditions of legal restriction of choice of financial resources and directions of their use. The definition of state financial management is given. It is noted that the determining factor in the effectiveness of financial management is the organization of such an element as state financial control. The principles of state financial control are formulated, its types and factors are identified, both positively and negatively affecting its effectiveness. Proposals aimed at developing state financial control at the regional level have been formulated. The influence of regulation of state financial resources on the socio-economic development of a constituent entity of the Russian Federation is considered. In the region, two flows of state financial resources are running simultaneously - the federal budget and the regional budget. The structure of incomes and expenditures of the federal budget in the subject of the Russian Federation and budget incomes and expenditures of the subject of the Russian Federation is analyzed. The indicators characterizing the financial provision of state functions and reflecting the ratio of income and expenditure of federal and regional authorities to the region are proposed. Proposals are given to change approaches to the distribution of the revenue between budgets of different levels, as well as to determine a unified policy in the use of public financial resources, taking into account the needs of the Russian Federation and its subjects.
Keywords: state financial resources, regulation of state financial resources, state financial management, state financial control, federal budget and regional budget.
Highlights:
♦ the issues of regulation of state financial resources in the subject of the Russian Federation are considered;
♦ the definition of public financial management is given;
♦ the principles of state financial control are formulated and its types are singled out;
♦ the proposals are given aimed at the development of state financial control at the regional level;
♦ the influence of the regulation of state financial resources on the regional socio-economic development is analyzed;
♦ the structure of incomes and expenditures of the federal budget in the territory of the subject of the Russian Federation and budget incomes and expenditures of the subject of the Russian Federation are analyzed.
Elvira T. Shaposhnikova, a post-graduate student, Samara State University of Economics.