Appropriations are financial resources for budgetary organizations

Appropriations are budgetary funds of local, regional and federal level allocated for economic development, strengthening of defense capacity, implementation of measures for managing public debt, as well as maintenance of state bodies and local self-government. We must not forget about the need to finance law enforcement and state security.

Definition

Budgetary allocations are the financial base of the state activity, due to the availability of which the internal and external functions of the state are ensured. This form of financing is provided to organizations, enterprises, ministries and government bodies within the limits provided for in the estimates and financial plans. At the same time, the leaders of the listed entities, who have the right to dispose of the allocated funds, are known as managers of such financing and are divided into higher and lower.

Appropriations are budgetary financing, which is distributed quarterly in accordance with the accepted list, and also every quarter the funds are transferred to the accounts of these managers. Regulation of the mechanism of such transfers is carried out by corresponding documents of normative value, the author of which is the Ministry of Finance of the Russian Federation.

In accordance with the Budget Code, the recipient of funds from the budget are some state bodies that have the right to fulfill obligations from this resource at the appropriate level, provided that the other is not regulated by this legislative document. One of the powers of such a recipient is the right to spend budget funds within approved limits.

Limits on the allocation of public funds

Allocations are state financing, accounting for which is based on primary documents approved by the relevant financial body. This funding should be reflected in accordance with the Instruction for the maintenance of non-systematic accounting of budgetary funds. Limits of budgetary allocations are reflected in the form of correspondence in the context of the accounts of budget expenditures stipulated by the said Instruction.

Formation of the limits of appropriations

Formation of expenditure schedules from the federal budget is carried out by the main administrator of funds in the context of managers and recipients under his control. Depending on the procedure approved by the relevant financial body, at the time of execution of the adopted budget, the recipient of these appropriations will make limits and certain amounts of payment of monetary obligations in the current financial period.

The Federal Treasury of the RF controls the classification codes of budget expenditures that are indicated in the submitted expenditure schedules for compliance with the coding of the budget classification, which is indicated in a specific list of items of federal budget expenditures .