Without much thought, you can answer thatthe financial system of the Russian Federation is a set of bodies of financial and credit organizations that are engaged in the implementation of financial activities in the state, using funds for this purpose. At the same time, lawyers and economists define this concept in different ways. In this article, we will try to understand the structure of the financial system. We consider the points of view of various researchers of this question.
Economic view on the financial system
The financial system of the Russian Federation: the opinion of lawyers
- budgetary system (federal, republican, regional, regional budget);
- other centralized and decentralized trust funds;
- finance of business entities;
- personal and property insurance;
- state and bank credit.
As you can see, lawyers are guided bythe legislation of the Russian Federation in the sphere of its budget structure, characterizing the financial system. It should be noted that this approach is much more appropriate, since it gives a clearer understanding of the concept in question.
Structure of the Russian financial system
Many scientists, however, prefer a simplerclassification of the components of the financial system. In their opinion, it is necessary to allocate only the budgetary system, which includes budgets of all levels, various state funds and loans, as well as insurance and finance of enterprises. At the same time, they pay attention to the fact that financial activity is inherent in all branches of power and is, in fact, their special task. And, finally, they note that the structure of Russian finance is still in the process of formation.