State regulation of budget relations: problems and prospects

The article reveals a question of interpretation of the terms «fiscal adjustment», «interbudget regulation», «effectiveness of budgetary control». The comparative analysis of methodological tools for assessing the relationship between budgets of different levels of the budget system. Developed and monitored method of estimating the performance of budgetary control at the region. Proposed perspective directions of improving the state regulation in the field of intergovernmental relations.