The modern approach to Public Finance Management Muraviova Yulia Group 49 ГиРФ

The main points of presentation Introduction; The Budgetary Process; The Financial Control; Conclusion .

Introduction;

The Budgetary Process;

The Financial Control;

Conclusion .

Public Finance and Public Finance Management Public Finance - is the field of economics that analyzes government taxation and spending policies. PFM is a legislatively established order of regulation of legal budget relations in an area of a budgetary process by each level of public authority.

Public Finance - is the field of economics that analyzes government taxation and spending policies.

PFM is a legislatively established order of regulation of legal budget relations in an area of a budgetary process by each level of public authority.

The main aspects of PFM The main aspects of PFM: Budgetary Process; Public Finance Control.

The main aspects of PFM:

Budgetary Process;

Public Finance Control.

The Budgetary Process A government budget is a legal document that is often passed by the legislature, and approved by the chief executive. The Budgetary process is the process of consideration, submission and implementation of the federal budget.

A government budget is a legal document that is often passed by the legislature, and approved by the chief executive.

The Budgetary process is the process of consideration, submission and implementation of the federal budget.

The main functions of budget Functions of a budget: the distributive function; the controlling function.

Functions of a budget:

the distributive function;

the controlling function.

The legislation The budget system of Russia is organised on the basis of the federal law “ Of the Principles of the budget system and the Budget Process ” (October, 1991).

The budget system of Russia is organised on the basis of the federal law “ Of the Principles of the budget system and the Budget Process ” (October, 1991).

The budget system of Russian Federation The budget system of Russia consists of the federal budget; the budgets of republics, regions, and two cities (Moscow and St. Petersburg); the budgets of cities, towns, and other local regions.

The budget system of Russia consists of

the federal budget;

the budgets of republics, regions, and two cities (Moscow and St. Petersburg);

the budgets of cities, towns, and other local regions.

The future The proposed budget for 2008, and the outlook up to 2010, has been drafted, and will be implemented on the basis of new budgetary legislature. It accords with the implementation of principles of goal-oriented medium-term budgeting, as set out in the Budget address of the President of the Russian Federation for the years 2008-2010.

The proposed budget for 2008, and the outlook up to 2010, has been drafted, and will be implemented on the basis of new budgetary legislature.

It accords with the implementation of principles of goal-oriented medium-term budgeting, as set out in the Budget address of the President of the Russian Federation for the years 2008-2010.

Breakdown of 2008 federal budget 6.8 2.5 4.3 12.2 1.5 6.2 0.4 3.1 19.0 2.0 0.5 2.7 2.2 2.1 0.9 0.2 0.6 0.8 2.6 3.9 0.2 18.8 36 13 23 64 8 33 2 21 100 11 3 14 12 11 5 1 3 4 14 21 1 100 2, 383 861 1,522 4,261 535 2,168 150 1,408 6,644 712 188 960 771 718 309 83 218 273 919 1,353 66 6,570 Oil and gas, of which: Mineral extraction tax Export tariffs Other, of which: Profit tax VAT Excise taxes Other Total Expenditures General state spending Debt-servicing costs Defense National security National economy Education Culture Health care Social policy Budget transfers Transfers to funds Other Total % share of GDP % share of revenue Billion roubles Revenues

Public Financial Control The main purpose of Public Financial Control is to promote greater efficiency in the work of government authorities and local government bodies.

The main purpose of Public Financial Control is to promote greater efficiency in the work of government authorities and local government bodies.

The area of State Financial Control The area of state financial control includes: control over the implementation of the federal budget; federal extra-budgetary funds; the organization of cash flow; the use of credit resources; internal and external debts; tax privileges and advantages.

The area of state financial control includes:

control over the implementation of the federal budget;

federal extra-budgetary funds;

the organization of cash flow;

the use of credit resources;

internal and external debts;

tax privileges and advantages.

The system of Public Financial Control in Russian Federation The system of Public Financial Control in Russian Federation the Accounts Chamber; the Central Bank; the Ministry of Finance; the State Tax Service; the State Customs Committee; Many others.

The system of Public Financial Control in Russian Federation

the Accounts Chamber;

the Central Bank;

the Ministry of Finance;

the State Tax Service;

the State Customs Committee;

Many others.

Main forms of Public Financial Control Main forms of Public Financial Control: Monitoring; public research; public investigation; public expert examination.

Main forms of Public Financial Control:

Monitoring;

public research;

public investigation;

public expert examination.

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