Problems of budget reserve funds creation in subjects of the Russian Federation

Budgetary reserves and budgetary funds are rarely studied by the modern financial science. This situation results in a small number of scientific papers devoted to this problem. In particular only three scientific articles during the latest five years are devoted to the study of reserves in the budgets of the subjects of the Russian Federation. At the same time in the practical financial activity the specialists regularly face with difficulties of the assessment of the state and the flow of budgetary reserves and reserves funds carried out by traditional methods. There exist also problems of the terminological character. The terms used to denominate the reserves in the Budgetary Code of the Russian Federation are often so unsuitable that additional remarks at the description are needed. In the article the authors present the results of the analysis of all reserve funds which can be formed in the subjects of the Russian Federation: Reserve fund of highest executive bodies of the state authority of a region of the Russian Federation which includes two reserve funds and the Reserve fund of a subject of the Russian Federation...