Statutory Regulation In Planning Budget System Of Russian Federation

Abstract

The main stages towards the establishment and development of the planning system in the USSR and the main reasons for its collapse are highlighted in the paper. The need to restore the main planning body of Russia that would resemble the USSR State Planning Committee but have functions adapted to features of a market economy is substantiated. The definition of budgetary policy is given that is referred to as the systemic management of the budgeting process, based on development of budgetary relations, as part of a common economic policy aimed at implementing all functions of the budget so as to achieve the economic and social effect determined at the respective stage. The classification of the budgetary policy is given according to relevant criteria. It is justified that statutory regulation of planning implementation varies in different economic systems. It is noted that since the process of economic development is dynamic, fundamentals of planning methodology change respectively. Therefore, the planning principle is implemented in different ways. Planning principle implemented in result-oriented budget planning is a continuous process that involves a closed cycle made up of “strategic planning – tactical planning – result – evaluation of result” stages. It is justified that the principle of planning integrated in the budgeting process is one of the most important prerequisites for maintaining macroeconomic stability that ensures a long-term balance and sustainability of the budget system, which contributes to economic growth, investment development and enforcement of the competitiveness of the Russian financial and economic system.