Liquidity management for uniform budget account of the Russian Federation entity as a method of providing budget sustainability
Budget sustainability is the most important condition of its stability and financial independence. At the present time, providing sustainability for the majority of sub-federal level budgets has became a pressing issue caused by exceeding the social and economic obligations over the financial and budgetary opportunities of the regions. Analysis of modern scientific publications and published papers allows to identify a number of the major factors having impact on providing sustainability of the Russian Federation entities' budgets and to carry out their analysis. Budgetary performance is one of key factors of providing sustainability, the component part of which is management of the budget account liquidity. The article considers a method of liquidity management for the uniform account of the Russian Federation entity's budget that characterizes the budget ability to make timely payments of the money liabilities and its significance in providing the regional budget sustainability. It generalizes in detail the major ways of managing the uniform account liquidity for the Russian Federation entity's budget, substantiates conclusions on their effective use.