Sphere Of Public Finances Research Articles

The concept of development of human rights in the sphere of public finance in the Russian Federation

Financial Law Review » Issue 10 (2)/ 2017 » The concept of development of human rights in the sphere of public finance in the Russian Federation A A A

Influence of household finance on stability of public finances

The relevance of the study is determined by theoretical definition of the essence and specification of the components of the subsystems of public finances, which allowed us reveal the need for studying the role of household finance in public finances, which have a direct connection with the state budget, local budgets and funds of social importance. As a subject of public finance, households, through participation in the formation and use of public finance, can influence the stability of this category. Analysing profitable part of the state budget, namely stake of payments from the profits of householders in a budget, and considering their personal interest in a social sphere, it was their public interest that unites interests of the state and private is certain. Due to the fact that almost a third of the expenditures of the consolidated budget is allocated for social protection and security, and one of the public finance subsystems is fully owned by non-state social funds, financial flows that are defined and guaranteed by the state for all citizens and personify public interests were considered. The analysis of the expenditures of the state and local budgets determined that the expenses on the social protection of pensioners and the social protection of the family, children and young people are of the greatest interest, and they are directly related to the finances of households. Using the indicator of the stability of public finances, articles on social protection were examined, and it was determined which areas could adversely affect the sustainability of public finances. Social protection of the retired people refers to the area with a negative impact on public finances. The obtained results require further studies of the relationship of the social sphere with household finance, which will make it possible to determine the instruments of influence and regulation in the sphere of public finances.

Formation and Development of State Financial Control in the Russian Federation and the Republic of France

The study of legal regulation of financial relations of foreign countries using the comparative method makes it possible to better assess the processes taking place in the sphere of public finances. The French experience in the reform of the State financial control can be used when updating the system of financial control in Russia. The author tries to trace the origins of the State financial control procedures in Russia and France. The article briefly describes the stages of formation and development of State financial control in Russia and France for over eight centuries. The legal bases of public institutions that exercised control and supervisory functions in finance during this period are considered. This article may be of interest to the participants of the course in finance law, tax law, fiscal law, in particular the system of State control (supervision). Furthermore, it may be of interest to researchers and other persons directly involved in the development of procedures and tools through which the sphere of public finances is regulated.

The Comparative Analysis of Russian and French Legislation on the Sphere of State Financial Control

This article presents comparative study of the legislation of the Russian Federation and the Republic of France in the field of public financial control. Thus, a study of the legal regulation of financial relations of foreign countries using the comparative method allows for a fuller assessment of the processes taking place in the area of public finances. The French experience in the reform of the State financial control can be used when updating the system of financial control in Russia. This article deals with modern legislation in the field of public financial control in the Russian Federation and of the French Republic as well as key public authorities exercising financial control. The article may be of interest to attendees of the courses in Financial Law, Tax Law, Fiscal Law, as well as to scientific staff and other persons engaged in the study of procedures and governmental tools through which the sphere of public finances is regulated.

Multiannual budgetary framework in the Republic of Lithuania

It is recognised that the successful functioning of a state as a political organisation requires appropriate funds that are fi rst of all collected in the state budget. In his book Public Finance published back in 1892, Charles F. Bastable stated that ‘the collection of funds for state purposes and the use of the resources so obtained is [...] a vital part of the political organisation’. A state, in order to achieve the objectives set to it as a political organisation, must collect the funds required to implement these objectives, distribute and use them in a rational manner, i.e. conduct appropriate activities in the sphere of public fi nance. This is not possible without developing an appropriate regulatory framework for the accumulation and use of state funds manifested as a whole of relevant legal rules and their enforcement. At the same time, the development of an independent system of public fi nance and its regulatory framework should be viewed as an essential precondition of independence of a state. This is especially relevant for the Republic of Lithuania (hereinafter – ‘Lithuania’) which after the restoration of independence had to take immediate steps to build a system of its public fi nance as an independent state since previously Lithuania had had neither an autonomous budget nor an independent tax or monetary system, i.e. it had had no fi nancial independence. It is no accident that the Provisional Basic Law of Lithuania approved by the Law of 11 January 1990 already included provisions on the budgetary framework of Lithuania as an independent state. According to Article 47(1) of the Provisional Basic Law ‘the budgetary framework of the Republic of Lithuania shall consist of autonomous budgets of the State of Lithuania and

Challenges in the Implementation of Management Control in Units of the Sphere of Public Finance in Poland

In connection with the amendment of the Public Finance Act requiring the unit of public finance sector in Poland to introduce management control, there is a need to develop their practical solutions. Often units obliged to implement the management control use the services of consulting firms. It should be noted, however, that developed solutions in units differ, although the ministry has set down standards for management control. It seems that the major source of this diversity is the heterogeneity of the implemented solutions of form of the management control concept in polish public finance sector units. This results in a multipurpose type of practical challenges, that units have to face for the implementation of that type of control.