Reserve fund of local administration. On approval of the regulation on the procedure for spending the resources of the reserve fund of the government of the Russian Federation. City budget reserve fund

In 2018 reserve fund Russia will cease to exist, which is fixed in the relevant law. These changes will make it possible to use the accumulated reserves in the joint fund more efficiently, officials emphasize. During the crisis, the Reserve Fund acted as the main source of covering the budget deficit, which led to a significant reduction in financial reserves.

The reserves of the Reserve Fund (RF) made it possible to smooth out economic shocks during the crisis. Against the backdrop of a sharp reduction in budget revenues, the authorities faced an increase in the budget deficit. The accumulated reserves made it possible to finance government spending, which led to significant losses for the Russian Federation.

The Reserve Fund was formed in 2008 from the Stabilization Fund. The main purpose of the fund is to ensure macroeconomic stability during periods economic downturns. At the same time, the authorities used additional oil and gas revenues to form reserves, which was recorded in the existing budget rule.

At the beginning of February 2015, the reserves of the Russian Federation reached a record high - more than 5.8 trillion rubles. However, the economic crisis "ate" most of the government's financial reserves. As a result, the funds of the Russian Federation in 2017 were reduced to 1 trillion rubles. Experts believed that in the near future the Reserve Fund of Russia would be completely exhausted. However, the stabilization of oil prices has reduced the burden on the Russian Federation. In addition, the authorities decided to reformat the principles of formation of reserves, which will affect the future fate of the Reserve Fund.

Budget innovations

Representatives of the State Duma adopted new law, which introduces significant changes to the current fiscal rules. Legislators have defined rules that will limit the amount of government spending. In addition, the deputies supported the government's initiative to merge the Reserve Fund and the national welfare.

As part of the adopted innovations, budget expenditures will be tied to the base level of prices for energy resources and the forecast of the ruble exchange rate. The total expenditures of the state treasury cannot exceed the basic oil and gas revenues. At the same time, officials have set the level of oil prices, which will become a benchmark for calculating costs - 40 dollars per barrel. This indicator will be indexed by 2% annually, which is in line with the expected trends oil market.

The change in the fiscal rule will help to preserve Russia's financial reserves, the officials emphasize. This innovation will ensure stable replenishment of existing stocks, as average cost"black gold" next year is expected to reach 50-60 dollars per barrel. In addition, the Russian economy will reduce its dependence on price fluctuations in the oil market.

Next year there will be a transitional rule that allows excess budget spending over basic oil and gas revenues by 1% of GDP. This norm will ensure a smooth transition to the use of new principles for calculating possible costs federal budget.

In 2018, the FNB and the Russian Federation will merge, which will make it possible to increase the efficiency of the formation and use of reserves (before February 1, the funds of the Reserve Fund will be transferred to the NWF). As a result, financial reserves will be concentrated in one fund, the main purpose of which will remain the following goals:

balancing the existing pension system;
covering the budget deficit;
co-financing pension savings.

The financing of the budget deficit will be based on the balances in the pooled fund at the end of the year. The level of reserves that will ensure the stable development of the domestic economy is 5% of GDP. If the funds of the fund exceed given level, then the reserves will fully compensate for the lost oil and gas revenues. Otherwise, the fund's expenditures cannot exceed 1% of GDP. The Treasury Department will publish a monthly report that will help determine how much money remains in the pooled Reserve Fund.

The experts positively characterize the proposed changes. However, in order to eliminate all risks for Russian economy more global reforms are needed.

Towards sustainable growth

Changing the budget rule will reduce the level of cyclicality of the Russian economy, experts say. The approved innovations will make it possible to balance government spending during periods of high energy prices and accumulate the necessary reserves. A basic level of oil prices within 40 dollars per barrel. plus indexation will allow filling the fund with additional funds.

However, analysts do not rule out a deeper drawdown in the oil market next year. If OPEC members resume the growth of oil production, then quotes may fall below $40 per barrel. As a result, the authorities will be forced to devalue the ruble, which will help stabilize budget revenues.

To reduce the dependence of the domestic economy on market fluctuations, it is necessary to create new growth factors, experts say. The basis of the economy should be the manufacturing industry, which will produce high-tech products. In this case, the federal budget will not depend on price fluctuations in the commodity markets.

In addition, the problem remains the imbalance of income and expenditure of the state treasury. Excessive social spending creates the basis for future deficits. Government needs to reform the system pension provision which will become the foundation of macroeconomic stability.

In 2017, the reserves of the Reserve Fund decreased to 1 trillion rubles. The government actively used financial reserves during the period economic crisis which allowed to stabilize the development of the economy. Next year, officials intend to change budget rule, which will affect the formation of reserves.

The authorities plan to merge the FNB and the Russian Federation, which will allow to consolidate financial resources. The reserves will be formed at the expense of additional oil and gas revenues (at prices that will exceed the level of $40 per barrel plus indexation).

Experts believe that additional reforms are needed for macroeconomic stability.

Watch the video about when the reserve fund ends:

Reserve Fund of the Russian Federation.

The Reserve Fund of the Russian Federation was formed on February 1, 2008, after the division of the Stabilization Fund into the Reserve Fund and the National Welfare Fund of Russia. As of September 1, 2014, according to the Ministry of Finance, the volume of the reserve fund amounted to 3,387.34 billion rubles.

The Reserve Fund contributes to the stability of the country's economic development by reducing inflationary pressures and reducing the dependence of the national economy on fluctuations in revenues from the export of non-renewable natural resources.

The Reserve Fund actually replaced the Stabilization Fund of the Russian Federation. In contrast to the Stabilization Fund of the Russian Federation, in addition to federal budget revenues from oil production and exports, the sources for the formation of the Reserve Fund are also federal budget revenues from gas production and exports.

The reserve fund is a part of the federal budget funds subject to separate accounting, management and use in order to ensure balance (deficit coverage) of the federal budget.

In contrast to the Stabilization Fund of the Russian Federation, in addition to federal budget revenues from oil production and exports, the sources for the formation of the Reserve Fund are also federal budget revenues from gas production and exports.

Federal law on the federal budget for the next fiscal year and the planned period, the normative value of the Reserve Fund is established in the absolute amount, determined on the basis of 10 percent of the volume of gross domestic product forecast for the corresponding financial year, specified in the federal law on the federal budget for the next financial year and planning period.

The reserve fund is formed by:

oil and gas revenues of the federal budget in an amount exceeding the amount of the oil and gas transfer approved for the corresponding financial year, provided that the accumulated volume of the Reserve Fund does not exceed its standard amount;

income from the management of the Reserve Fund.

Currently, in accordance with the Federal Law of September 30, 2010 N 245-FZ "On Amendments to the Budget Code of the Russian Federation and Other Legislative Acts of the Russian Federation" (hereinafter referred to as the Law), from January 1, 2010 to January 1, 2015, the standard value The Reserve Fund is not determined, the oil and gas revenues of the federal budget are not used to financially support the oil and gas transfer and to form the Reserve Fund and the National Welfare Fund, but are directed to financial support for federal budget expenditures.

Reserve funds are used to finance unforeseen expenses, including emergency restoration work on elimination of consequences of natural disasters and other emergencies occurring in the current financial year.

The federal law on the federal budget for the next financial year and planning period may provide for the use of the Reserve Fund for early repayment state external debt Russian Federation.

The objectives of the management of the Reserve Fund are to ensure the safety of the Fund's resources and a stable level of income from its placement in the long term. Management of the fund's resources for these purposes allows for the possibility of obtaining negative financial results in the short term. Management of the Reserve Fund is carried out by the Ministry of Finance of the Russian Federation in the manner established by the Government of the Russian Federation. Separate powers to manage the resources of the Reserve Fund may be exercised by the Central Bank of the Russian Federation.

The management of the Reserve Fund can be carried out in the following ways (both individually and simultaneously):

1) by acquiring foreign currency at the expense of the fund and placing it on accounts for recording the funds of the Reserve Fund in foreign currency(US dollars, euros, pounds sterling) at the Central Bank of the Russian Federation. For the use of funds on the specified accounts central bank the Russian Federation pays the interest established by the bank account agreement;

2) by placing the fund's assets in foreign currency and financial assets denominated in foreign currency, the list of which is determined by the legislation of the Russian Federation.

At present, the Ministry of Finance of the Russian Federation manages the resources of the Reserve Fund according to the second method, that is, by placing funds on currency accounts at the Central Bank of the Russian Federation. At the same time, in accordance with the procedure for calculating and crediting interest accrued to accounts for accounting for the Reserve Fund in foreign currency, approved by the Ministry of Finance of the Russian Federation, the Bank of Russia pays interest on the balances on these accounts equivalent to the yield of indices formed from debt obligations of foreign states, foreign state agencies and central banks, debt obligations of international financial organizations, including securities in which the funds of the Reserve Fund may be placed, the requirements for which are approved by the Government of the Russian Federation. In accordance with the Budget Code of the Russian Federation, the funds of the Reserve Fund may be placed in foreign currency and a number of financial assets denominated in foreign currency. The Government of the Russian Federation sets limits on the permitted financial assets in the total amount of placed funds of the Reserve Fund. In order to improve the efficiency of managing the resources of the Reserve Fund, the Ministry of Finance of the Russian Federation is authorized to approve the regulatory shares of permitted financial assets in the total volume of placed funds of the Reserve Fund within the limits of the respective shares established by the Government of the Russian Federation.

The Ministry of Finance of the Russian Federation, in the course of executing the federal budget, has the right, in accordance with the procedure established by the Government of the Russian Federation, to use, without amending the federal law on the federal budget for the next financial year and the planned period, the funds of the Reserve Fund for the financial support of the oil and gas transfer in case of insufficiency for its implementation actually received in reporting period of the current financial year of oil and gas revenues of the federal budget.

Management of the Reserve Fund is carried out by the Ministry of Finance of the Russian Federation in the manner established by the Government of the Russian Federation. Separate powers to manage the resources of the Reserve Fund may be exercised by the Central Bank of the Russian Federation. The objectives of managing the resources of the Reserve Fund are to ensure the safety of the funds of the specified fund and a stable level of income from their placement in the long term. Management of the Reserve Fund in order to ensure a stable level of income from their placement in the long term allows for the possibility of obtaining negative financial results in the short term. The funds of the Reserve Fund may be placed in foreign currency and the following types of financial assets denominated in foreign currency:

Debt obligations of foreign states, foreign government agencies and central banks;

Debt obligations of international financial organizations, including those issued in securities;

Deposits and balances on bank accounts in foreign banks and credit institutions;

Deposits and balances on bank accounts with the Central Bank of the Russian Federation.

The Ministry of Finance of the Russian Federation publishes on a monthly basis information on the receipt and use of oil and gas revenues from the federal budget, the value of the assets of the Reserve Fund and the National Wealth Fund at the beginning of the reporting month, the transfer of funds to these funds, their placement and use in the reporting month.

Having analyzed the volume Money of the reserve fund in dynamics, one can trace a downward trend in the volume of cash receipts. This was due to a decrease in prices for fuel and energy resources, in particular for oil and gas.

The reserve fund of the Government of the Russian Federation is formed on the basis of the Budget Code of the Russian Federation in the amounts established by federal laws on the federal budget for the corresponding year, and the federal reserve material resources created by the decision of the Government of the Russian Federation.
In the expenditure side of the budgets of all levels budget system The Russian Federation, in accordance with the Budget Code of the Russian Federation, provides for the creation of reserve funds of executive authorities and reserve funds of local self-government. In the federal budget, the amount of reserve funds, as already mentioned, cannot exceed 3% of the approved federal budget expenditures. The size of reserve funds in the budgets of the constituent entities of the Russian Federation and in local budgets are established by the legislative (representative) authorities of the constituent entities of the Russian Federation and representative bodies of local self-government when approving budgets for the next financial year.
The funds of the Reserve Fund of the Government of the Russian Federation, as well as the reserve funds of lower levels, are spent on financing unforeseen expenses, including on emergency rescue and emergency recovery work to eliminate the consequences of natural disasters and other emergencies, occurred in the current financial year.
The reserve fund of the budget is understood as a set of budgetary funds intended to cover the needs of the state and local government, which are of a random but probable nature. The randomness of such needs is expressed in the fact that when drawing up, considering and approving the corresponding budget, it is impossible to foresee whether they will arise or not, and their probability lies in the fact that the possibility of their occurrence is always allowed.
The managers of the reserve funds provided for by the expenditure part of the federal budget are, as a rule, federal executive bodies, in particular, the manager of that part of the Reserve Fund of the Government of the Russian Federation, which is intended to finance work related to the elimination of natural and man-made emergencies. nature, is the Ministry of Emergency Situations of Russia. In absolute terms, the volume of this part of the Reserve Fund of the Government of the Russian Federation in last years is 2.8 billion rubles.
Funds from the Reserve Fund of the Government of the Russian Federation are allocated to finance measures to eliminate emergency situations at the regional, interregional, national and transnational levels in accordance with the established classification of emergency situations, as well as to partially cover the costs of financing activities related to the elimination of emergency situations:

carrying out urgent emergency and restoration work at housing and communal services, social sphere, energy, industry, transport, communications and Agriculture affected by emergencies;
purchase, release from the state material reserve, delivery and short-term storage of material resources for the primary life support of affected citizens;

provision of a one-time financial assistance affected citizens;
providing humanitarian assistance.
The same funds are used to redeem state housing certificates issued to citizens of the Russian Federation who have lost their homes as a result of an emergency, and also allow payment of compensation for lost housing if it is impossible to use state housing certificates.
Considering the possibility of emergency needs arising in the use of the provided financial resources of the reserve fund of the Government of the Russian Federation, the Government of the Russian Federation, by the previously mentioned resolution “On the procedure for allocating funds from the reserve fund of the Government of the Russian Federation for the prevention and liquidation of emergency situations and the consequences of natural disasters”, obliged the Ministry of Finance of the Russian Federation Federation to ensure the maintenance of an operational reserve on the personal account of the Russian Emergencies Ministry financial resources in the amount of at least 0.2% of the volume of the reserve fund of the Government of the Russian Federation established in the federal budget for the prevention and elimination of emergency
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tea situations and consequences of natural disasters. As of 2003, this amounted to at least 560 thousand rubles.
In order to increase the efficiency of carrying out urgent measures to eliminate emergency situations, the Emergencies Ministry of Russia uses an operational reserve of financial resources received on the personal account of the Ministry opened with the federal treasury.
The funds of the operational reserve, in accordance with the decisions of the Government of the Russian Federation, are directed to the implementation of the following activities:
conducting search and rescue operations in emergency zones;
purchase, release from the state material reserve, delivery and short-term storage of material resources for the priority life support of affected citizens;
deployment and maintenance of temporary accommodation and food facilities for evacuated affected citizens within the required period (but not more than a month);
reimbursement of expenses associated with the involvement in the established manner of forces and means of the Russian Emergencies Ministry for emergency measures to eliminate emergency situations and assess the damage caused.
The use of funds from the Reserve Fund of the Government of the Russian Federation and the operational reserve for other purposes is not allowed.
The possibility and necessity of allocating funds from the Reserve Fund of the Government of the Russian Federation to the constituent entities of the Russian Federation is carefully considered and studied by the Ministry of Emergency Situations of Russia, the Ministry of Finance of Russia and the Ministry of Economic Development of Russia, to which the relevant federal executive authorities or executive authorities of the constituent entities of the Russian Federation submit documents substantiating the amount of requested funds. In them in without fail data should be reflected on the number of dead and injured people, the amount of material damage, funds allocated and spent to eliminate the emergency situation by organizations, executive authorities of the constituent entities of the Russian Federation, federal executive authorities, insurance funds and other sources, as well as the availability of them reserves of material and financial resources.
Applications that do not contain the specified information are returned without consideration.
The complete list and content of supporting documents are determined by a special instruction jointly approved by the Ministry of Emergency Situations of Russia, the Ministry of Finance of Russia and the Ministry of Economic Development of Russia. Consideration of the issue by these ministries on the allocation of funds from the reserve fund is carried out within 3 months.
The basis for the allocation of funds from the Reserve Fund of the Government of the Russian Federation is the decision of the Government of the Russian Federation, which indicates the total amount of appropriations and their distribution by activities. When allocating funds to finance emergency recovery work at affected facilities, the decision of the Government of the Russian Federation indicates the distribution of these funds by facility.
Funds from the reserve fund are allocated to finance measures to eliminate emergency situations at the regional, interregional, national and transnational levels, as well as for other purposes. As a rule, the real situation, reflecting the consequences of emergency situations, turns out to be much more complicated than that envisaged by forecasts. This forces the Government of the Russian Federation to seek additional financial resources. In 2002, their volumes amounted to 5,600 million rubles, of which about 5 billion rubles. was allocated to individual departments and subjects of the Russian Federation. Over 400 million rubles spent on providing humanitarian assistance to the affected population of 10 foreign countries.
The constituent entities of the Russian Federation are seriously engaged in the creation of financial reserves to finance measures to organize the life support of the population affected by emergency situations. Such reserves in the amount of almost 6 billion rubles. created by the end of 2002 in 87 subjects of the Russian Federation. All in all, in 2002 the constituent entities of the Russian Federation spent about 1.2 billion rubles on liquidation of emergency situations.
The Government of the Russian Federation controls the issues of targeted use of funds from the Reserve Fund of the Government of the Russian Federation through the Ministry of Finance of Russia, which, together with the Russian Emergencies Ministry, organizes accounting and exercises control over the targeted spending of these funds. Federal executive authorities and executive authorities of the constituent entities of the Russian Federation submit reports on the expenditure of these funds to the Ministry of Finance of the Russian Federation in the prescribed manner. In addition, the Ministry of Finance of Russia presents a consolidated quarterly and annual reporting on this issue, which prevents possible abuses in the use of targeted financial resources.

1. In the expenditure side of the budgets of the budget system of the Russian Federation (with the exception of the budgets of state off-budget funds) provides for the creation of reserve funds executive bodies state authorities (local administrations) - the reserve fund of the Government of the Russian Federation, reserve funds of the highest executive bodies of state power of the constituent entities of the Russian Federation, reserve funds of local administrations.

2. In the expenditure part of the budgets of the budgetary system of the Russian Federation, the creation of reserve funds of legislative (representative) bodies and deputies of legislative (representative) bodies is prohibited.

3. The amount of reserve funds of the executive bodies of state power (local administrations) is established by laws (decisions) on the relevant budgets and cannot exceed 3 percent of the total volume of expenditures approved by these laws (decisions).

4. The funds of the reserve funds of the executive bodies of state power (local administrations) are directed to the financial provision of unforeseen expenses, including for emergency recovery work and other measures related to the elimination of the consequences of natural disasters and other emergencies, as well as other activities, provided for by the procedure specified in paragraph 6 of this article.

5. Budget appropriations of the reserve fund of the Government of the Russian Federation, the reserve fund of the highest executive body of state power of the subject of the Russian Federation, the reserve fund of the local administration, provided for in the federal budget, the budget of the subject of the Russian Federation, local budget, are used by decision, respectively, of the Government of the Russian Federation, the highest executive body of state power of a constituent entity of the Russian Federation, local administration.

6. The procedure for using the budget appropriations of the reserve fund of the Government of the Russian Federation, the reserve fund of the highest executive body of state power of the constituent entity of the Russian Federation, the reserve fund of the local administration, provided for in the federal budget, the budget of the constituent entity of the Russian Federation, the local budget, is established accordingly by the Government of the Russian Federation, the supreme executive public authority of the subject of the Russian Federation, local administration.

7. A report on the use of budgetary appropriations from the reserve fund of the Government of the Russian Federation is attached to annual report on the execution of the federal budget, a report on the use of budget appropriations from the reserve funds of the highest executive bodies of state power of the constituent entities of the Russian Federation, reserve funds of local administrations is attached to the annual report on the execution of the corresponding budget.

Comments to Art. 81 BC RF

The reserve fund of the budget should be understood as the totality budget funds intended to cover state (municipal) needs, which are random in nature. When drawing up, reviewing and approving the corresponding budget, it is impossible to foresee whether the corresponding needs will arise or not, on the other hand, the possibility of their occurrence is allowed. The resources of the reserve funds are used to finance unforeseen expenses, including the implementation of emergency and restoration work to eliminate the consequences of natural disasters and other emergencies that occurred in the current financial year.

Reserve funds, with the exception of the relevant funds of legislative (representative) bodies and their deputies, may be provided for by the expenditure part of the budgets of all levels of the budgetary system of the Russian Federation (except for off-budget funds). The ban on the creation by legislative (representative) bodies of their reserve funds was also enshrined in paragraph 2 of Art. 153 of the Code.

Paragraph 3 of Art. 81 of the RF BC establishes maximum size reserve funds in the federal budget, which cannot exceed 3% of approved federal budget expenditures. The size of the reserve funds in the budgets of the constituent entities of the Russian Federation and in local budgets are established by the legislative (representative) authorities of the constituent entities of the Russian Federation and representative bodies of local self-government when approving the budgets of the constituent entities of the Russian Federation and local budgets for the next financial year.

The procedure for spending the funds of the reserve funds provided for by the expenditure part of the federal budget is established by decrees of the Government of the Russian Federation, reserve funds provided for by the budgets of the subjects of the Russian Federation - regulatory legal acts executive authorities of the constituent entities of the Russian Federation, and reserve funds provided for by the expenditure part of the local budget - regulations local authorities. The executive authority, the local self-government body quarterly and annually inform the legislative (representative) authority, the representative body of local self-government on the expenditure of the reserve fund.

The creation and use of the reserve fund of the Government of the Russian Federation for the prevention and liquidation of emergency situations and the consequences of natural disasters is provided for in clause 20 of the Regulations on a unified state system Prevention and Elimination of Emergency Situations, approved by Decree of the Government of the Russian Federation of December 30, 2003 N 794. Appendix 8 to the Federal Law "On the Federal Budget for 2007" establishes the formation of reserve funds within the framework of the federal budget in the amount of 4,800,000 rubles.

1. The Reserve Fund of the Government of the Russian Federation is created to finance unforeseen expenditures and measures of federal significance that are not provided for in the federal budget for the corresponding financial year.

2. The size of the reserve fund of the Government of the Russian Federation is determined federal law on the federal budget for the corresponding year.

3. The funds of the reserve fund of the Government of the Russian Federation are spent on financing: state support public organizations and associations; holding anniversary events of national importance; production of state awards, anniversary medals; holding meetings, symposiums, exhibitions and seminars on highest level on issues of national importance; payment of one-time bonuses and the provision of one-time material assistance to citizens for services to the state; publication of collections of normative acts and legislation of the Russian Federation; carrying out repair and restoration work at the request of state authorities of the Russian Federation; other events held by decisions of the President of the Russian Federation and the Government of the Russian Federation.

Decisions of the Government of the Russian Federation on the allocation of funds from the reserve fund of the Government of the Russian Federation are taken in cases where the funds at the disposal of the federal executive authorities and executive authorities of the subjects of the Russian Federation that carry out these activities are insufficient.

4. Draft decisions of the Government of the Russian Federation on the allocation of funds from the reserve fund of the Government of the Russian Federation with an indication of the amount of allocated funds and the direction of their spending are prepared by the Ministry of Finance of the Russian Federation on instructions from the Government of the Russian Federation. Federal authorities executive authorities and executive authorities of the constituent entities of the Russian Federation submit to the Ministry of Finance of the Russian Federation documents substantiating the amount of the requested funds, including cost estimates, and, if necessary, the conclusions of the ministries and departments concerned.

The bodies, to which the funds of the reserve fund of the Government of the Russian Federation are allocated, within a month after the relevant measures have been taken, submit to the Ministry of Finance of the Russian Federation a detailed report on intended use such funds.

RESERVE FUND OF THE PRESIDENT OF THE RUSSIAN FEDERATION in the budget legislation of the Russian Federation a special financial fund, the creation of which is provided for by the federal budget for the next financial year in the amount of not more than 1% of the approved federal budget expenditures (Article 82 of the RF BC*). R.f.P. funds RF are spent to finance contingencies, as well as additional costs provided by decrees of the President of the Russian Federation. Spending R.f.P. RF is carried out on the basis of a written order of the President of the Russian Federation. Spending this fund to conduct elections, referendums, coverage of the activities of the President of the Russian Federation is not allowed.

National Welfare Fund of Russia was formed on February 1, 2008, after the division of the Stabilization Fund into the Reserve Fund and the National Wealth Fund. As of October 1, 2008, the fund amounted to 1 trillion 228.88 billion rubles. As of January 1, 2009, according to the Ministry of Finance, the National Wealth Fund had 2.6 trillion rubles.

The National Wealth Fund is a part of the federal budget funds subject to separate accounting and management in order to ensure co-financing of voluntary pension savings of citizens of the Russian Federation, as well as to ensure a balance (deficit coverage) of the budget pension fund Russian Federation.

Charitable foundation "Future Generations Foundation" was established in 2005.
The Fund was created to implement long-term projects aimed at comprehensive adjustment of strategic development courses in the interests of future generations. The Foundation's activities are aimed at developing meaningful ideas in the social, cultural, economic and humanitarian fields of activity, which helps to improve life modern man with an eye to the future.
The phrase "future generations" is filled with global meaning. This name was chosen for the Foundation not by chance. By making certain efforts to achieve success in the present, we create a reliable foundation for future success. It is important to clearly understand the direction in which to move. To do this, the Fund develops its own programs, relying on the professionalism of experts in various areas activities, as well as their own work experience. Support for future generations began long before us by our ancestors. Our task is to preserve and increase what was created earlier, the founders of the Fund are sure.
The Fund operates within the framework of international, Russian and regional programs.
The main goals and objectives of the Foundation:
- development of original ideas in the humanitarian, cultural and economic fields aimed at improving the life of society,
- implementation of the above ideas in various fields of human activity,
- involvement of the younger generation (children and youth) in developing activities, which contributes to raising the intellectual, cultural and spiritual level of society,
- discovery and support of young talents in the field of science,
- carrying out charity events and programs aimed at improving the living conditions of needy citizens,
- an obstacle to the outflow of the best Russian specialists abroad, the creation of decent working and living conditions for them on Russian territory,
- support of patriotism among young citizens of the fatherland,
- strengthening the Russian spirit and Russia's prestige in the international arena.
The work of the Foundation includes the creation of special training programs that serve the above goals and objectives.
The Foundation establishes its own awards and competitions in the field of culture and the humanities. The winners of the competitions are awarded with diplomas, scholarships, and valuable prizes.

Additional oil and gas revenues Fed budget(due to the excess of the actual oil cost from the planned one)

Oil and gas revenues federal budget are used for financial support oil and gas transfer, as well as for the formation of the Reserve Fund and the National Welfare Fund.

Oil and gas revenues of the federal budget include federal budget revenues from the payment of:

Tax on the extraction of minerals in the form of hydrocarbon raw materials (oil, combustible natural gas from all types of hydrocarbon deposits, gas condensate from all types of hydrocarbon deposits);

Export customs duties on crude oil;

Export customs duties on natural gas;

Export customs duties on goods produced from oil.

Oil and gas transfer represents part of the federal budget funds used to finance the federal budget's non-oil and gas deficit at the expense of federal budget oil and gas revenues and the Reserve Fund.

The amount of the oil and gas transfer for the corresponding financial year is approved by the federal law on the federal budget for the next financial year and planning period in the absolute amount, calculated as 3.7 percent of the volume of gross domestic product forecast for the corresponding year, specified in the federal law on the federal budget for the next financial year and planning period.

. reserve fund represents a part of the federal budget funds subject to separate accounting and management for the purpose of making an oil and gas transfer in case of insufficient oil and gas revenues to financially support the said transfer.

The federal law on the federal budget for the next financial year and planning period establishes the normative amount of the Reserve Fund in the absolute amount, determined on the basis of 10 percent of the volume of gross domestic product forecast for the corresponding financial year, specified in the federal law on the federal budget for the next financial year and planning period .

In case of insufficient oil and gas revenues to form an oil and gas transfer in the amount specified in paragraph 2 of Article 96.8 of this Code, for the next financial year and planning period, the maximum amount of use of the Reserve Fund for financial support of the said transfer is approved.

The federal law on the federal budget for the next financial year and planning period may provide for the use of the resources of the Reserve Fund for the early repayment of the state external debt of the Russian Federation.

national wealth fund represents a part of the federal budget funds subject to separate accounting and management in order to ensure co-financing of voluntary pension savings of citizens of the Russian Federation, as well as to ensure a balance (deficit coverage) of the budget of the Pension Fund of the Russian Federation.

The federal law on the federal budget for the next financial year and planning period establishes the amount of federal budget funds allocated to ensure co-financing of voluntary pension savings of citizens of the Russian Federation, as well as to ensure a balance (deficit coverage) of the budget of the Pension Fund of the Russian Federation.

The National Wealth Fund is formed by:

oil and gas revenues of the federal budget in an amount exceeding the amount of the oil and gas transfer approved for the corresponding financial year, if the accumulated amount of the Reserve Fund reaches (exceeds) its standard value;

income from the management of the funds of the National Welfare Fund.

Reserve Fund of the Russian Federation was formed on February 1, 2008, after the division of the Stabilization Fund into a reserve fund and the National Welfare Fund of Russia. As of April 1, 2010, the amount of the reserve fund was 1 trillion 553.28 billion rubles.

The reserve fund is a part of the federal budget funds subject to separate accounting and management in order to carry out the oil and gas transfer in case of insufficient oil and gas revenues to financially support the said transfer.

After the formation of the oil and gas transfer in in full oil and gas revenues go to the Reserve Fund. The normative value of the Reserve Fund is approved by the federal law on the federal budget for the next financial year and planning period in an absolute amount, determined on the basis of 10% of the volume of gross domestic product forecast for the corresponding year. After filling the Reserve Fund to the specified amount, oil and gas revenues are sent to the National Wealth Fund of Russia.

The reserve fund is formed by:

oil and gas revenues of the federal budget in an amount exceeding the value of the oil and gas transfer approved for the corresponding financial year, provided that the accumulated volume of the Reserve Fund does not exceed its standard value;
income from the management of the Reserve Fund.