The financial system of the Russian Federation, its structure
Without much thought, you can answer thatthe financial system of the Russian Federation is a set of bodies of financial and credit organizations that are engaged in the implementation of financial activities in the state, using funds for this purpose. At the same time, lawyers and economists define this concept in different ways. In this article, we will try to understand the structure of the financial system. We consider the points of view of various researchers of this question.
Economic view on the financial system
In the economic literature, the financial system of the Russian Federationis considered as a kind of generalizing concept that characterizes the totality of the finances of enterprises of various organizational and legal forms, insurance and the state. At the same time, economists identify elements within these categories. So, the finances of organizations and institutions are divided into funds of commercial and non-commercial organizations. And insurance is personal, property, social, insurance of risks or, for example, liability. But the financial system of the Russian Federation, as already mentioned above, is also state finances, in which a special place is given to the state budget, extrabudgetary funds and state loans. Thus, economists in the consideration of this concept pay their main attention not to the legislation in the field under consideration, but to the established traditions in its definition.
The financial system of the Russian Federation: the opinion of lawyers
As for the legal literature, its authorsfind the structure proposed by the economics colleagues to be insufficient, because it does not reflect the specifics of the development of the state at the stage of transition to market relations. That is why the financial system of the Russian Federation from a legal point of view is considered as a set of financial institutions and institutions. It consists of the following elements:
- budgetary system (federal, republican, regional, regional budget);
- other centralized and decentralized trust funds;
- finance of business entities;
- personal and property insurance;
- state and bank credit.
As you can see, lawyers are guided bythe legislation of the Russian Federation in the sphere of its budget structure, characterizing the financial system. It should be noted that this approach is much more appropriate, since it gives a clearer understanding of the concept in question.
Structure of the Russian financial system
Many scientists, however, prefer a simplerclassification of the components of the financial system. In their opinion, it is necessary to allocate only the budgetary system, which includes budgets of all levels, various state funds and loans, as well as insurance and finance of enterprises. At the same time, they pay attention to the fact that financial activity is inherent in all branches of power and is, in fact, their special task. And, finally, they note that the structure of Russian finance is still in the process of formation.