Links of the financial system and their brief characteristics

Before you understand the financial system of any country and its structure, you need to understand exactly what the term is. The word "economy" can have several not very similar values.

First, the economy considers the form of moneyrelations, which are associated all the subjects of reproduction. Secondly, the term can denote the totality of all laws, norms, rules that regulate financial relations in the country and financial activities in general.

Third, it is the internal structure of finance, the unity of their components (links). At the same time, all links of the financial system have their own specifics.

By the nature of the monetary funds that are formed in any financial system, it is possible to distinguish centralized and decentralized finances.

The first are a package that unites alllinks in the financial system that form the proper distribution of funds (budgetary and extra-budgetary), funds owned by municipalities. In other words, the links from which centralized finances are composed can be considered a state loan, a municipal loan, a budget system.

Decentralized finance is the amountcomponents that are involved in the formation and use of funds of persons and entities that are separate entities. It finances companies, corporations etc. Organizations that are self-financing, finance entrepreneurs, non-profit organizations, households.

Let's briefly describe all the links of the financial system, consider their features.

The budgetary system of the Russian Federation is a means,including in the composition of the budgets of the federation, entities, state extra-budgetary funds and local budgets. Its goal is to address the main issues of the state as a whole. It is the budget system, with its taxes, excises, etc., designed to provide cultural, economic, political and social tasks, redistributing the GDP accordingly. Control this redistribution of special bodies, among them the Accounting Chamber, the Tax Service, etc.

Other links of the financial system (speech in thiscase of state and municipal credit) express those relations between the state, its authorities and economic entities that allow the Russian Federation to act as a guarantor, creditor or borrower. At the same time, the main tasks of state financing are financing of the budget deficit, support of priority sectors, settlement of credit policy issues (regional and international).

Today, more and more important are the links in the financial system of the Russian Federation, such as the incomes of production and non-productive structures that are self-financing. These include:

• Corporations, i.e. non-membership organizations, designed to solve certain social or managerial tasks.

• Unitary enterprises, which are divided into two categories in the Russian Federation. The former are based on the right of homework, the latter on operational management.

Finance of commercial enterprises is very important for the creation of GDP. They are:

• the main component of the funds, from which centralized funds are formed;

• the source of household financial resources;

• a leading factor in the consumption and distribution of GDP;

• a basis for meeting the needs of society.

Finances of non-commercial origin are needed for structuring financial resources that are used to implement state objectives: educational, social, etc., not related to making a profit.

Home finance is almost not regulated by the state, and the finances of the IP are the middle link between finances, commercial and domestic.

The financial system and its links are built on the principles of functionality, transparency, planning, unity and democratic centralism.