Lomakina T.P., Irizepova M.Sh. Problems of budget reserve funds creation in subjects of the Russian Federation
Tatiana Pavlovna Lomakina
Doctor of Economic Sciences, Professor, Department of Financial Theory, Credit and Taxation, Volgograd State University
Рrosp. Universitetskiy, 100, 400062 Volgograd, Russian Federation
Margarita Shamilievna Irizepova
Candidate of Economic Sciences, Associate Professor, Department of Financial Theory, Credit and Taxation, Volgograd State University
Рrosp. Universitetskiy, 100, 400062 Volgograd, Russian Federation
Abstract. Budgetary reserves and budgetary funds are rarely studied by the modern financial science. This situation results in a small number of scientific papers devoted to this problem. In particular only three scientific articles during the latest five years are devoted to the study of reserves in the budgets of the subjects of the Russian Federation. At the same time in the practical financial activity the specialists regularly face with difficulties of the assessment of the state and the flow of budgetary reserves and reserves funds carried out by traditional methods. There exist also problems of the terminological character. The terms used to denominate the reserves in the Budgetary Code of the Russian Federation are often so unsuitable that additional remarks at the description are needed. In the article the authors present the results of the analysis of all reserve funds which can be formed in the subjects of the Russian Federation: Reserve fund of highest executive bodies of the state authority of a region of the Russian Federation which includes two reserve funds and the Reserve fund of a subject of the Russian Federation. The theoretical importance of this analysis consists in the presentation of the contradictions which arise at the reflection of the state and of the movement of the mentioned reserves in the reports of the implementation of regional budgets. Besides legal violations are shown which arise at the creation of some of them in various subjects of the Federation. The practical importance of the analysis consists in the development of suggestions connected with the specification of the terms’ use at the denomination of various types of reserves. In particular it is suggested to denominate the reserves “limits” as they do not accumulate financial resources but only limit the expenditures on financing of some economic measures. Besides the provision where it is said that the reserves cannot be classified neither as budgetary incomes nor the as budgetary expenditures is based. They are supposed to have a specific section for the analysis.
Key words: Reserve fund of highest executive bodies of state authority of the subject of the Russian Federation; Reserve Fund of executive bodies of state authority of the subjects of the Russian Federation for the prevention and liquidation of emergency situations and consequences of natural disasters; Reserve fund of the subject of the Russian Federation.
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