Public administration and the system of state bodies in the mechanism of ensuring financial stability of the Russian federation

Abstract

The article is devoted to defining the role of public administration in the sphere of public finance and the study of the system of state bodies involved in the mechanism of ensuring financial stability of the Russian Federation. It is noted that ensuring the financial sustainability is necessary for sustainable development of the state and constitutes a crucial element of public administration. The legislation of the Russian Federation does not assign a single authority responsible for financial stability in the country. Powers have been enshrined in a number of organs and their relationship of activities ensures the cyclical actions in the administrative process for the preservation of financial stability. The constitutional principle of separation of powers is implemented in this sphere of the activities of the state. The author proposes to subdivide the authorized bodies into two conditional groups: the commissioners for making decisions, for which ensuring the financial sustainability is the main activity and the bodies performing the requirements of the first group, indirectly involved in ensuring the financial stability. Taking into consideration the need for interaction of a wide range of authorized authorities ensuring financial stability, the author concludes about the necessity of the execution of their functions based on a single legal concept. In addition, an individual road map for each authority must be developed on its basis.