Budget system

An important mechanism allowing the state to carry out economic and social regulation is the financial - financial system of society, the main points of which is the state budget. The budget provides political power with an opportunity to influence the economy, finance its structural adjustment, ensure the development of economic sectors, and create social support for the least protected segments of the population. The combination of all types of budgets forms the budget system. of the state. In the Budget Code, the budget system is formulated as “.the combination of the federal budget, the budgets of the constituent entities of the Russian Federation, local budgets and the budgets of state extra-budgetary funds.”. The budget device determines the organization of the state budget and the budget system of the country, the relationship between its individual units, the legal basis for the functioning of budgets included in the budget system, the composition and structure of budgets, procedural aspects of the formation and use of budget funds, etc.