Analysis of budgetary sphere in the context of inter-budget relations

The article provides the empiric analysis of influence of inter-budget regulation mechanisms on the budgets of the Volga Federal district regions. The main aim of the article is to describe the functioning of the whole budgetary system using a given region as an example. The analytical methods used in the article are developed by the author and based on the actual data. The main conclusion is that the existing system of inter-budget relations needs not just some improvement but has to be reconsidered and reconstructed.