Essential basis of interbudgetary relations

An analysis of the budgetary legislation of the Russian Federation, as well as works devoted to the development of the budgetary process, revealed the need for further scientific research on this aspect. In particular, the need for a theoretical understanding of interbudgetary relations, which is an important tool of the budgetary process in the management of public finances, has been identified. In this regard, we have conducted a study of the essential foundations of the concept of «interbudgetary relations». This article sets out its main results, formulates additions to the interpretation of the conceptual apparatus by defining the subject, purpose, task, functions and principles of the functioning of the category under study from the standpoint of its significance in the budget process, as well as the impact on the efficiency of public finance. The scientific value of the study is due to the expansion of the definition of the concept of «interbudgetary relations», practical - the possibility of using the results obtained in the process of developing normative and legal acts regulating the budgetary process at the appropriate level of the budgetary system of the Russian Federation, thereby creating the preconditions for increasing the efficiency of public finance.