Abstract:

The article examines theoretical aspects of public finance management. The author reveals some problems of interrelations among public-law entities in terms of budget process. The article analyses the issues of interbudgetary relations at the federal subject level in Russian Federation and, in particular, those of the financial dependence of most Russian regions and municipal entities; the redistribution relations among budgets at various levels; the issues regarding the lack of impetus for regions (municipal entities) to accelerate their local revenue potential. The author proposes some measures aimed at enhancing the interbudgetary regulation quality that, if taken, will boost the financial resources capacity of a federal subject of the Russian Federation, which, eventually, will affect the increase in the public finance efficiency.