Interbudgetary relations are the relationship of local and regional self-government bodies with public authorities on issues related to the distribution of income, as well as the redistribution of cash receipts between budgets. Inter-budgetary relations are the most important indicator of the economy.
The nature of interbudgetary relations
The complex construction of the federal state budget system, the stability of this system, as well as the entire country as a whole, depends entirely on the nature of interbudgetary relations. The complexity of conveniently constructing a model of these relations is one of the most pressing problems in the economy of the Russian state. There is a constant search for dynamic development of the budgetary sphere between the levels of the system.
Inter-budgetary relations in Russia are built on the basis of budgetary federalism. The systematic form of building interbudgetary relations allows each budget to independently take into account the interests of the federation and compare them with the interests of a separate constituent entity of the Russian Federation and territorial self-government bodies, which is the basis of budgetary federalism. The independence of various levels of government is based on the assignment of certain sources of income to each level and the granting of the right to independently direct the expenditure of budgetary funds strictly within the framework of the current legislation.
Principles of interbudgetary relations
In the conditions of interbudgetary interaction, the systemic level of power is leveled with the minimum expenditure and income security of the constituent entities of Russia. The principle of leveling the expense and income scheme is to use a single method for calculating financial costs for the provision of municipal payments and public services, as well as a single method of paying regional and federal taxes. Equal distribution of tax profit provides for the amount of tax collections of the subjects - not less than 50% of the total amount of consolidated budget revenues.
Inter-budgetary relations are built on the basis of economic relations within one country. The purpose of these relations is to create the initial favorable conditions for maintaining the budgetary balance at all levels of government, taking into account their functions and tasks. The main task of federal interbudgetary relations is to consolidate and redistribute budget expenditures at specific system levels. The regulatory revenue side is also subject to a certain delineation.
According to these principles, some types of expenditure budget schemes are transferred from the federal levels of power to the subjects, and already from the subjects to the territorial bodies. In this regard, new forms of interbudgetary relations are being formed.
