Legal Regulation of Public Expenditures in the Russian Federation

Abstract

Budget expenditures are a sum of money, which is paid from budget on non-repayable conditions. They are based on expenditure obligations that are determined by different branches of law. Budget law should secure so that budgetary appropriations for financing of all expenditure obligations should be included in law on budget.
Budget expenditure planning transferred from line-item budgeting to programme budgeting. Budget Code provides budgeting for next fiscal year and a two-year planned period.
All levels of power should follow a principle of treasury-based budget execution and a principle of single budget account. Regional and local authorities should establish personal accounts of their budgets in the Federal Treasury that establish regional and local budget accounts in the Central Bank.