IMPROVEMENT OF BUDGET IMPLEMENTATION BY FEDERAL TREASURY BODIES

Abstract

Today, the Federal Treasury of the Russian Federation plays a fundamental role in the organization of the country's payment system. Treasury bodies, as the most important part of the overall control system, monitor the formation and use of budget funds. The combination of such important organizational and control functions turns the Treasury into the main link of the financial system of the state. Thus, the treasury system of budget execution contributes to solving important economic problems in Russia.

Investigated in this article, one of the primary tasks of the Federal Treasury bodies is the cash service of the execution of budgets of the budgetary system of the Russian Federation. Cash services for the execution of budgets at all levels are of great socio-economic and political importance. The organization of cash services for budget execution in the Russian Federation is a complex process and requires constant monitoring of the correct and timely communication of information about allocated allocations and their balances to recipients of budget funds. Cash servicing of budget execution is not part of the budget process, but without it it is impossible to directly execute budgets, therefore, when analyzing the activities of treasury bodies, the issue of cash servicing of budget execution is the most important and requires close attention.

Statistical analysis of federal budget performance indicators showed that the volume of revenues, along with macroeconomic conditions, was influenced by changes made to the legislation of the Russian Federation in terms of changing the size of rates, including as part of the completion of the "tax maneuver in the oil and gas industry", adjustments to the parameters of the "tax regime for additional income from the extraction of hydrocarbons", changes in the amount of fees and standards for crediting income to the federal budget, as well as a reduction in oil production under the OPEC+ agreement.

Modern treasury technologies of execution of budgets of the subjects of the Russian Federation were also considered, the use of which is conditioned by budget legislation and is designed to ensure high accuracy and efficiency in accounting and execution of funds of regional budgets. As a result of the conducted research, recommendations are proposed to improve the efficiency of cash services for the execution of budgets of the Russian Federation.