Financial activities of the state

To implement the tasks assigned to the state by the ruling elite, it is necessary to widely use its entire financial system. As a result, the whole state machine carries out activities aimed at the purposeful and systematic receipt, distribution and further use of centralized and decentralized diverse monetary funds or, in other words, financial activities of the state.

Proceeding from the seventh article of the Constitution of the Russian Federation, the most important, defining, meaningful goal of all this stormy activity is the creation of such conditions that will provide a decent life for a person in his native country and free personal development.

The financial activity of the state is the performance by it of the functions of the planned receipt, distribution and further use of all financial resources for the implementation of the social and economic direction in the development of the country, ensuring its security and defense capability. There are various methods for implementing such activities.

The breadth of their choice depends on the following factors:

1) the subject of the relationship;

2) Terms of use of available financial resources to the state;

3) The conditions for their accumulation.

Methods of financial activity of the state can be conditionally divided into the method of collecting money and the method of distribution of collected and its use. Among the methods of collecting financial resources, the most important is the collection of taxes. With the help of taxes, money is withdrawn without fail in a certain amount and in strictly limited time. Another method of compulsory withdrawal of funds from the population and legal entities is mandatory contributions to state funds, for example, a pension fund or a social fund. Insurance and similar institutions.

In addition to coercive methods, the state's financial activity in terms of fundraising also includes the collection of voluntary contributions, for example, the sale of valuable government securities (although the method with state loan bonds can only be called voluntary, in part, because the state offers many mechanisms for the distribution of such securities, So to speak, in a kind of voluntary-compulsory order), contributions to banks, donations and the like.

But for the distribution and use of material resources , methods such as financing and lending are mainly used. Financing involves the return, but gratuitous provision of monetary resources, and lending - and return, and reimbursable provision. Financing is used exclusively for state organizations, but lending can be used for both state and non-governmental organizations.

The financial activity of the state is carried out by all authorities, each within its competence. The State Duma, in accordance with the provisions of the Constitution of the Russian Federation, adopts laws that regulate all spheres of economic relations. These laws, for which the state will continue to operate financially, are submitted for discussion and approval to the Federation Council. The government of the country is the executive power that develops and submits to the Duma the budget of the country, monitors its implementation and organizes this very performance, gives the Duma a report, conducts a unified financial, monetary and credit policy throughout the state. For the implementation of specific financial activities within the Russian Federation and with its foreign partners, the Ministry of Finance of Russia, the Federal Treasury, CentroBank and similar financial institutions have been established.