The Legal Status of the Federal Treasury in the Russian Federation
DOI:
https://doi.org/10.61726/8033.2025.48.67.001Keywords:
Constitution of the Russian Federation, federal treasury, federal budget, extra-budgetary funds, budget executionAbstract
The Federal Treasury is a body of state executive power responsible for ensuring the execution of the federal budget, cash services for the execution of budgets of the Russian Federation’s budgetary system, and preliminary and ongoing control over the conduct of transactions with federal budget funds by the chief administrators and recipients of federal budget funds. The Federal Treasury plays a significant role in Russia: it is under the jurisdiction of the Ministry of Finance of the Russian Federation. It is part of a single centralised system organised by this department to implement the state’s budget policy. The study object is the tasks and functions of the Federal Treasury of the Russian Federation, and the subject consists of the results of the activities of the Federal Treasury of the Russian Federation. The study aims to examine the role of the federal Treasury in the financial authorities system in Russia and determine the prospects for improving the current treasury system. The study’s theoretical basis was a relatively wide range of scientific developments and research. I mainly used regulatory legal acts and available articles that reveal my chosen topic of work. During the writing of this study, the regulatory framework was such as The Budget Code of the Russian Federation, Federal Law No. 104-FZ dated May 7, 2013, Decree of the Government of the Russian Federation No. 703 dated December 1, 2004, Decree of the President of the Russian Federation No. 1556 dated December 8, 1992, Order of the Treasury of Russia No. 121 dated June 28, 2013, Order of the Ministry of Finance of Russia No. 61 dated April 8, 2020. The author concludes that the peculiarity of the functions assigned to the General Directorate is determined by the fact that it directs the work of all treasury bodies and organises through them the budgetary and financial execution of the federal budget and extra-budgetary funds, as well as performs other functions.
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References
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