The principle of separating revenues, expenditures and sources of financing budget deficits among the budgets of the Russian Federation's budget system – definition and meaning of "The principle of separating revenues, expenditures and sources of financing budget deficits among the budgets of the Russian Federation's budget system"

The principle of separating revenues, expenditures, and sources of financing budget deficits among the budgets of the Russian Federation's budget system means allocating revenues, expenditures, and sources of financing budget deficits to the budgets of the Russian Federation's budget system in accordance with the legislation of the Russian Federation, as well as defining the powers of state authorities (local self-government bodies) and management bodies of state extra-budgetary funds regarding the formation of budget revenues, sources of financing budget deficits, and the establishment and implementation of expenditure obligations of public legal entities¹.

Federal Law No. 63-FZ of April 26, 2007, "On Amending the Budget Code of the Russian Federation in Respect of Regulation of the Budget Process and Bringing Certain Legislative Acts of the Russian Federation into Conformity with the Budget Legislation of the Russian Federation," as amended on August 2, 2019, Article 1, Subparagraph 17 // RSZ RF. 2007. No. 18. Art. 2117. ↩