The Functions of Inter-Budget Relationships Governance as a Part of the Regional Financial Policy

Abstract

The article is devoted to the analysis of the basic functions of the regional inter-budget adjustment. The creation of the regional financial policy is determined by the realization of these functions. The comparative analysis of the realization of these functions in the stability conditions and in the economical crisis is represented the special interest when the problem of the «soft budget constraint» is actualized.

Keywords

• финансовая политика
• межбюджетное регулирование
• мягкие бюджетные ограничения