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, thanks to 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 budget financing, which is distributed quarterly in accordance with the accepted list, and also every quarter, these 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 is 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 budgetary funds within the approved limits.
State funds allocation limits
The appropriation is government funding, the accounting of which is based on primary documents that are 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.
