The Role of Budgetary Regulation in Modern Society
The paper is devoted to the consideration of issues related to the legal regulation of the system of methods of distribution and redistribution of a part of the national product between different budgets of the RF budget—budgetary regulation in the Russian Federation. The author focuses on the peculiarities and features of the financial and legal category “budgetary regulation”, examines various approaches to the definition of this concept, studies the key principles of budgetary law, on which the system of methods of budgetary regulation is based, shows the significance that budgetary regulation acquires in the modern society. It is determined that the rules of financial law regulate a whole set of public relations related to public financial activity in the area, including the system of primary and secondary legal measures aimed at ensuring the balance and autonomy of budgets of the budget system of the Russian Federation. The author concludes that in modern conditions the budgetary regulation in the Russian Federation is aimed not only at distribution and redistribution of income, but also at optimization and restructuring of expenditure obligations of public legal entities.