The financial law: concept, bases, norms

Financial law is a collectioncertain legal norms, the main task of which is to regulate the social relations that arise at the time of the formation and distribution of monetary resources by public authorities (and also local authorities) in the process of implementing the main objectives of their activities.

This branch of law, like everyone else, hassubject, own methods, basic concepts and norms, enshrined in legislation. The subject of financial law is the social relations arising at the time of the formation and redistribution of monetary funds. In simple non-legal language, the state needs financial resources to realize its basic functions, that is, money. Relations in the society arising as a result of the formation and redistribution of these funds are the main subject of regulation of the financial law branch.

The very concept of "financial law" has twobasic aspects. First, it is the branch of science such as jurisprudence, and, secondly, the branch of general Russian law. As a science, financial law studies the basic norms that govern the relationships of various institutions of power and people in the process of conducting their financial and economic activities. When we talk about financial law as an integral part of the general Russian law, we mean by it a set of norms that are the main regulator of the relationship between people and state institutions in the process of their financial activities.

The rules of financial law are a set of certainrules of conduct adopted in public relations between state authorities and people based on the formation and use of basic monetary funds. Norms, as a rule, are established by the state itself, are generally accepted for all participants arising in the process of distribution of funds, and fix the legal rights of these same participants. Financial law has a close relationship with the constitutional law, covering the activities of the state as a whole and is the leading branch in the system of Russian jurisprudence.

The main purpose of the methods of financial lawis to prevent the violation of its basic rules and regulations. This is achieved through administrative legal and civil law methods. Russian financial law has several sources:

  • The Constitution of the Russian Federation, which establishes the fundamentals of the financial system of the country as a whole and its separate directions.
  • Normative and legal acts of executive, representative, local authorities.
  • Decrees of the government of the country.
  • Decrees of the President of the Russian Federation.
  • Ministry of Finance.
  • Central Bank of the Russian Federation.

All normative acts, which include normsfinancial law, are united by one general concept - the financial legislation of the Russian Federation. In other words, it can be said that financial legislation is a concrete form of expressing objects of financial law. All the relationships arising from the creation and distribution of monetary resources are a type of property relationship and have a public character.

Financial law as a discipline is taught inall legal and economic higher educational institutions of our country. The study of the course begins, as a rule, with the mastering of basic concepts and terms, the history of the development of this system in Russia. Modern schoolchildren begin to comprehend the foundations of financial law even in the upper grades of the school, since the study of legal disciplines is the key to the successful education of a legally literate generation of people.

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