Instruments of Inter-budgetary Regulation: Legal Features and Limits

The article examines aspects of inter-budgetary regulation, analyzes the evolution of inter-budgetary transfers in the Russian Federation, identifies issues of individual principles of the budgetary system of the Russian Federation, and determines their role in regulating inter-budgetary relations. Attention is focused on changes in legislation caused by modern economic and social challenges. The article examines the features of grants, subsidies, and subventions, and analyzes their role in the financial activities of the subjects of the Russian Federation and municipalities. Special attention is paid to the legal aspects of allocating budgetary funds to the budgets of the budgetary system of the Russian Federation, and the limits of legal regulation in this area are defined.