Powers of Public Authorities in the Interpretation and Specialization of Legal Acts in Finance

This article examines the powers of public authorities in the interpretation and specification of legal acts within the financial sphere. It analyzes the concept and classification of public authorities operating in this area. The paper discusses the peculiarities and significance of specifying financial legal norms, as well as the forms of their implementation. Special attention is given to the challenges faced by authorities in exercising their powers, including gaps in legislation and conflicts of authority. The specificity of the legislative activity of the Bank of Russia and its status within the system of public authorities is explored. The necessity of improving legal regulation to enhance the effectiveness and legality of the activities of authorized bodies in the financial sphere is justified.