Budget Law Regulation of Treasury Services for the Budgets Performance of Constituent Entities of the Russian Federation and Municipal Entities

Abstract

In 2021, new provisions of the budget legislation concerning treasury services for the execution of budgets of the constituent entities of the Russian Federation and municipal entities came into force. Due to the emergence of the treasury payments system, full-fledged servicing of the single budget account was carried out not by the Bank of Russia, but by the Treasury in the treasury payments system. Thus, the function of providing cash services to the budgets of the budgetary system of the Russian Federation has undergone a substantial transformation and has acquired a new name — treasury service of the budgets of the budgetary system of the Russian Federation. At the same time, approaches to the establishment of budget execution options by the Treasury of Russia have been changed in terms of implementation of certain functions of the financial bodies of the constituent entities of the Russian Federation (municipal entities) for the budget performance.The paper examines the ways how the budgetary and legal tasks that arose during the introduction of treasury services for the execution of budgets of the constituent entities of the Russian Federation (municipal entities) were solved.