Budget systems of Russia and China: issues of legal regulation

The monograph is devoted to the analysis of the patterns of development of modern legal regulation of budgetary systems in the Russian Federation and the People's Republic of China. The range of issues under study includes clarification of the structures of budget systems in selected jurisdictions, identification of the specifics of legal regulation of the formation and expenditure of extra-budgetary and budgetary funds, study of the features of the delimitation of powers of state (municipal) authorities for public finance management. A comparative analysis of the legal regulation of the budgetary systems of Russia and China is presented. For a wide range of readers interested in the issues of legal regulation of budget systems. It can be useful for students, postgraduates and teachers of law and economics universities.

Legal framework of the budget systems of the member countries of the Organization for Economic Cooperation and Development

The article examines the constitutional and political factors of building budget systems. The search for the optimal legal frameworkof budget systems is being carried out. The comparative legal method is used to study the budget systems of the member countries of the Organization for Economic Cooperation and Development. An attempt is made to answer the question of how the Russian budget system can move in the direction of development set by the best practice of foreign countries.

Analytical review of ways to ensure the security of budgetary systems in developed countries

This article is devoted to an overview of the methods and measures by which the governments of economically developed countries of the world ensure, to one degree or another, the security of their budget systems. At the same time, the authors consider the vulnerable aspects of the functioning of their public finance systems, the reasons for the emergence and the ability of the country’s leaders to eliminate negative factors and threats. This aspect is extremely important for ensuring the economic security of the state, since it provides an increase in the level of both economic and national security of the country.

The Legal Regulation of Functioning of Budget Systems of Eurasian Economic Union Member States: Similarities and Differences

Creation of a common economic space within the EAEU and the orientation of this integration association towards the implementation by the Member States of a coordinated macroeconomic policy determine the special importance of fiscal regulation in the EAEU countries, since macroeconomic stability and achieving goals of social and economic development of the participating countries in many respects depend on the budget. A comparative study focused on the legal regulation of the functioning of budget systems in EAEU countries led to the conclusion that the Union states comply with the highest modern standards of democratization of the budget process.

Decentralization of fiscal relations in Russia in the context of global trends

Subject. This article explores the indicators, trends and factors of the process of decentralization of budget systems of different countries. Objectives. The article aims to define patterns in the development of inter-budgetary relations in the Organization for Economic Co-operation and Development (OECD) countries and Russia. Methods. For the study, I used the methods of analysis and synthesis, comparison, and correlation. Results. The article describes the reasons and causes affecting the decentralization of the budget systems of countries and formulates provisions for the development of budget relations decentralization in the world. Conclusions. The decentralization of sub-national budget revenues in the OECD countries declined between 2009 and 2018. Improving the decentralization of the Russian Federation's budget system in the foreseeable future is hardly possible for the reasons described in the article. The results of the study can be used in the development of budgetary policies of countries in the field of inter-budgetary relations.

Factors Influencing the Implementation of Management Accounting Systems in Small and Medium Sized Enterprises in Dubai

The aim of this study is to examine whether each of the variables (level of competition, age of enterprise, type of sector, quality of ownership, and size of enterprise) has an impact on adopting administrative accounting practices measured by each of (cost systems, budget systems, performance assessment systems) within small and middle sized industrial enterprises in Dubai, in addition to determining whether enterprises are facing difficulties in applying administrative accounting practices. The population of the study represents all small and middle sized industrial enterprises in Dubai. To achieve the study objectives, a questionnaire is designed and distributed on the study sample which consists of (160) accountants and financial mangers working at small and middle sized enterprises in Dubai. The researcher could retrieve (127) responses and (32) responses have been disregarded; thus, the final study sample is represented by (95) responses. For the purpose of the study, the analytical descriptive approach is also employed. Furthermore, to test the study hypothesis, multiple regression model and One Sample T- test are used. The study findings reveal that small and middle sized enterprises in Dubai apply all administrative accounting practices represented by each of (cost systems, budget systems, performance assessment systems). As well, there is an impact of each of the variables (level of competition, age of enterprise, type of sector, quality of ownership, and size of enterprise) on adopting administrative accounting practices measured by each of (cost systems, budget systems, performance assessment systems). Moreover, the study finds that small and middle sized industrial enterprises in Dubai face difficulties in adopting administrative accounting practices but in a slight degree in which that the arithmetical average value is very close to the default average value.