The grant as a tool of interbudgetary regulation
The article considers one of the most important directions of improving interbudgetary relations - replacement of non-target (block) grant mechanisms with the system of subsidies. It is noted that subsidies possess such advantages as a strict goal-oriented nature, opportunity of stronger control, stimulation of corresponding expenditures of regions and municipalities - beneficiaries of subsidies. The paper argues that the advantages of subsidies are most fully realized through program-target methods of budgeting.