Authors: Natalya A. Istomina, Cand. Sc. (Econ.), Associate Professor of State and Municipal Finances Dept., Ural State University of Economics

Abstract. Evolution of budget planning in the Russian Federation as a whole and at regional level caused transformation of the role of public institutions. At regional level it is manifested in the fact that the greatest scope of authority to assess budget expenditures of the RF subjects necessary for financing the established tasks and functions is implemented by government non­financial (industry) bodies or chief controllers. These subjects are responsible for justification of budget allocations and preparation of registries of expenditure commitments; during this activity they interact with the financial authorities of the regions.

The article presents the findings of studying the practice of interaction between financial and non­financial public institutions in the process of planning (justification) of budget allocations in a specific region of the Russian Federation – Sverdlovsk oblast. On the basis of general theoretical approaches and taking into account national trends in this sphere the author came to the conclusion that interaction of these subjects is carried out through the movement of information flows and in the process of expert (valuation) activity. The aspects reflecting the objectivity of planning (justification) of budget allocations in a subject of the RF are formulated; recommendations for the regional financial body are given.

Keywords: budget, region, planning, justification, budget allocations, chief controller, financial control body