LEGAL MECHANISMS FOR MANAGING TEMPORARILY FREE FUNDS OF THE FEDERAL BUDGET

Abstract

The article is devoted to a number of legal problems relating to the management of temporarily free cash on the Unified treasury account of the federal budget of the Russian Federation. The article reveals the economic nature and significance of mechanisms for managing the liquidity of the federal budget. It describes the relationship between the concept of a «unified budget account» and a «unified treasury account» (UTA), and the concept of the category «management of temporarily free funds of the federal budget» is given. On the basis of the study of official documents, an attempt to substantiate the integration of the legal norms governing the activities of public authorities in the management of the UTA funds into the sub-institute of budget law is made. The author analyzes the basic special principles of this sub-institution, and classifies legal mechanisms for temporarily free federal budget funds management. The author makes a general conclusion about the need to improve the efficiency the management of temporarily free funds of the UTA by expanding the powers of the Federal Treasury in this particular sphere. The author ascertains and underlines the increasing importance of the regulatory function of the treasury payment system in the Russian economy as a whole.