Reference
The document has been drafted by the Ministry of Finance.
The implementation plan is aimed at improving the system for distributing and redistributing financial resources among various levels of Russia’s budget system, ensuring sustainability in the budget execution by Russia’s constituent entities and local authorities, and facilitating better management of regional and municipal finances.
The key objectives of the activities included in the implementation plan are:
- ensuring the efficient distribution of financial resources among various levels of Russia’s budget system and improving the system of inter-budget transfers from the federal budget;
- reducing disparities between Russia’s constituent entities in terms of the fiscal capacity of their budgets, ensuring that regional and local budgets are balanced, and increasing their tax capacity;
- improving the financial management of Russia’s constituent entities and municipal authorities.
The directive is aimed at ensuring efficient control and management with regard to the implementation of key initiatives within the framework of the aforementioned state programme.