Appropriations are budget funds of local, regional and federal levels allocated for economic development, strengthening defense capabilities, implementing measures to manage public debt, as well as the maintenance of state bodies and local self-government. We must not forget about the need to finance law enforcement and state security.
Definition
Budget appropriations are the financial base of state activity, due to the presence of which the fulfillment of the internal and external functions of the state is ensured. This form of financing is provided to organizations, enterprises, ministries and governing bodies within the limits provided for in the estimates and financial plans. At the same time, the leaders of the listed entities, which have the right to dispose of the allocated funds, are known as the managers of such financing and are divided into higher and lower.
The appropriation is the budget financing, which is distributed quarterly in accordance with the accepted list, and also each quarter the funds are transferred to the accounts of the data managers. The regulation of the mechanism of such transfers is carried out by relevant documents of normative value, authored by the Ministry of Finance of the Russian Federation.
In accordance with the Budget Code, the recipient of funds from the budget are some government agencies that have the right to
fulfill obligations at the expense of this resource of the appropriate level, provided that otherwise is not regulated by the specified legislative document. One of the powers of such an appropriation recipient is the right to spend budget funds within the approved limits.
State funds allocation limits
The appropriation is government funding, the accounting of which is based on primary documents approved by the relevant financial authority. This funding should be reflected in accordance with the Instructions for maintaining off-system accounting of these budget funds. The limits of budget allocations are reflected in the form of correspondence in the context of accounts of budget expenditures provided for by the specified Instruction.
Formation of appropriation limits
Formation of spending schedules from the federal budget is carried out by the main manager of funds in the context of the managers and recipients who are subordinate to him. Depending on the procedure approved by the relevant financial authority, during the execution of the adopted budget, the recipient of these appropriations brings limits and certain amounts of payment of monetary obligations in the current financial period.
The Federal Treasury of the Russian Federation monitors the codes of classification of budget expenditures, which are indicated in the presented spending schedules for compliance with the coding of the budget classification, which is indicated in the specific list of budget expenditures at the federal level.