Research in the functioning of the regional budgetary system

The state regulation conducted in accordance with the current economic policy plays a leading role in the formation and development of the economic structure of modern society. The financial system carries out control activities in the market economy through financial mechanisms by means of financial levers and incentives to achieve financial objectives. Regional public finance, as a major part of the RF financial system, is of great importance for the reproductive process during the transfer to effective market organization of the economy. The state budget is the main link of the financial system. It is an incomparable by its amount monetary fund, winch has huge investment potential and can quantitatively and qualitatively affect the efficiency of social production. The use of this potential to a great extent will determine a development direction and regional economy sustainability. The stability of the budget system is seen in the concept of long term socio-economic development of Russia until 2020 as a vital condition for the solution of strategic economic and social objectives of financial provision of innovative development of the economy...