The influence of amendments to the Constitution of the Russian Federation on certain institutions of financial law
In the article it is considered the content of the Constitutional amendments organizing the directions of the state’s social policy, approved as a result of the all-Russian vote in 2020, from the perspective of the financial opportunities of public law entities for the implementation of the adjusted mechanism of social guarantees. The authors analyzed the nature of changes in the certain institutions of financial law, on the basis of which the consequences were established both for the management of centralized monetary funds and other spheres of the state’s life. During the research the invariability of public finances as a result of equating the minimum wage to the subsistence minimum and declaring guarantees affecting compulsory social insurance, in the country’s fundamental law, was justified. It is noted the modification of the procedure for the formation, distribution and use of the centralized monetary funds due to amendments regulating other social measures requiring the attraction of additional income sources for their implementation. Due to the deteriorating economic situation in the country and at the same time, the increase in expenditure obligations of public law entities in the field of social guarantees proposals have been developed to reduce the risk of irrational waste of budget funds by redistributing the financial burden between the levels of the budget system.