Methods of Ensuring Budgetary Balances of Constituent Entities of the Russian Federation, their Legal Consolidation

Abstract

The paper has substantiated the relevance of the principle of budgetary balance for ensuring the sustainability of the entire financial system of the country. The author focuses on methods and tools of overcoming the negative impact of the budget deficit and budget surplus. The classification of the main methods of ensuring the balance of the regional budget has been envistigated. The author reveals the features of different methods under consideration applied to achieve the necessary level of budgetary balance. On the basis of the study, the author has concluded that the authorized bodies of public administration have a wide range of tools and sources to ensure the necessary level of the budgetary balance of the constituent entities of the Russian Federation in case of budgetary deficit. For practical implementation of theoretical provisions put forward in the paper, the author assesses the level of regional budgetary balances on the example of the budget of the Kursk region. On the basis of analytical procedures, the author has substantiated the reasons for increasing the level of the Kursk region budgetary balance.