Budgetary powers of the Russian Federation

The budgetary powers of the Russian Federation include:

establishing general principles for organizing and functioning of the Russian Federation's budget system, the basic principles of the budget process and inter-budget relations;

defining the basis for preparing and considering draft budgets of the Russian Federation's budget system, approving and implementing budgets of the Russian Federation's budget system, preparing, external audit, consideration and approval of reports on their implementation and conducting control over their implementation;

establishing the procedure for drafting and considering draft federal budget and state extra-budgetary funds budgets of the Russian Federation, approval and implementation of the federal budget and state extra-budgetary funds budgets of the Russian Federation, conducting control over their implementation, preparation, external audit, consideration and approval of reports on the execution of the federal budget and state extra-budgetary funds budgets of the Russian Federation, preparing a report on the execution of the consolidated budget of the Russian Federation;

preparation and consideration of draft federal budgets and state extra-budgetary funds' budgets of the Russian Federation, approval and implementation of the federal budget and budgets of state extra-budgetary funds of the Russian Federation, conducting control over their implementation, preparation, external audit, consideration and approval of reports on the implementation of the federal budget and budgets of state extra-budgetary funds of the Russian Federation, preparation of a report on the implementation of the consolidated budget of the Russian Federation;

establishing procedures for preparing and submitting to federal executive authorities consolidated approved budgets of subjects of the Russian Federation and local budgets, reports on the implementation of consolidated budgets of subjects of the Russian Federation and other budgetary reporting;

determining procedures for establishing expenditure obligations of public legal entities;

determination of the procedure for establishing and implementing expenditure obligations of the Russian Federation, establishment and implementation of expenditure obligations of the Russian Federation;

determination of the procedure for establishing and implementing expenditure obligations of the subjects of the Russian Federation and municipal formations, to be implemented at the expense of subsidies from the federal budget;

determination of the principles of forming revenues and carrying out expenditures of budgets of the Russian Federation budget system;

determination of the procedure for establishing norms of revenue allocations from federal taxes and fees, including taxes provided under special tax regimes, regional and local taxes to the budgets of the Russian Federation budget system;

setting of norms of revenue allocations from federal taxes and fees, including taxes provided under special tax regimes, to the budgets of the Russian Federation budget system;

determination of general principles of providing and forms of inter-budget transfers;

definition of the principles of cash management in the implementation of budgets of the Russian Federation budget system;

carrying out cash management in the implementation of budgets of the Russian Federation budget system;

establishing the procedures and conditions for inter-budget transfers from the federal budget;

providing inter-budget transfers from the federal budget;

definition of the general procedure and principles of borrowing and providing guarantees by the Russian Federation, subjects of the Russian Federation and municipal formations, repayment and servicing of state (municipal) debt;

conducting state borrowings by the Russian Federation, providing state guarantees by the Russian Federation, granting budget loans, managing the federal government debt and managing federal government assets;

establishing the basic budget classification of the Russian Federation and the general procedure for its application;

setting, detailing, and defining the procedure for applying the budget classification of the Russian Federation in the part relating to the federal budget and the state extrabudgetary funds of the Russian Federation;

establishing a uniform procedure for maintaining budget accounting and submitting reports for budgets of the Russian Federation's budget system and state institutions, including cash execution reports on budgets;

(as amended by Federal Law No. 83-FZ dated May 8, 2010)

establishing standardized forms of budgetary documentation and reporting for the budgets of the Russian Federation's budget system and state institutions, establishing grounds and procedures for temporary exercise by federal (state authorities of the subjects of the Russian Federation) of certain budgetary powers of state authorities of the subjects of the Russian Federation (local self-government bodies);

(as amended by Federal Law No. 83-FZ dated May 8, 2010)

temporary exercise of certain budgetary powers of state authorities of the subjects of the Russian Federation;

establishing grounds, types of liability and procedures for imposing liability for violations of the Russian Federation's budget legislation;

establishing procedures for enforcement of court decisions regarding recovery of funds from budgets of the Russian Federation's budget system;

other budgetary powers assigned by this Code to the budgetary powers of the Russian Federation

Source: "Budget Code of the Russian Federation" dated 31.07.1998 No. 145-FZ (as amended on 03.12.2012)