Encyclopedia
The Principle of Transparency
Transparency principle means: mandatory publication in the mass media of approved budgets and reports on their implementation, completeness of information presentation on the progress of budget implementation, as well as availability of other information on budgets at the decision of legislative (representative) bodies of state authority, representative bodies of municipal formations; mandatory openness for society and the mass media of draft budgets submitted to legislative (representative) bodies of state authority (representative bodies of municipal formations), procedures for considering and adopting decisions on budget drafts, including issues causing disagreement either within a legislative (representative) body of state authority (representative body of a municipal formation), or between a legislative (representative) body of state authority (representative body of a municipal formation) and an executive body of state authority (local administration); stability and (or) succession of the Russian Federation budget classification, as well as ensuring comparability of budget indicators for the reporting, current and next financial year (next financial year and planning period)1.
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 20 // RSZ RF. 2007. No. 18. Art. 2117. ↩