Management of Money Issue

Abstract

The article discusses the legal aspects of money issue management, examines the economic and legal issues of the use of monetary and budgetary policy instruments. It is proved that the Central Bank of the Russian Federation is not the only regulator of monetary emission, and the list of means of managing the process of creating the solvency of participants in civil turnover is not limited to the provisions of the Federal Law "On the Central Bank of the Russian Federation (Bank of Russia)". In addition to the banking system, the budget system participates in the creation of the solvency of economic entities, and the issue of the budget ruble is mediated by a budgetary and legal mechanism. In addition, in the conditions of the modern model of public administration, financial institutions of development play an active role in the management of monetary emission. The use of general logical research methods, including analysis and synthesis, formal legal and comparative legal methods allowed the author to come to the following conclusions: 1) the empowerment of financial development institutions with the authority to allocate budget funds, loans, and in fact the authority to determine the conditions for the emergence and fulfillment of emission financial obligations led to the creation of an alternative legal institution for regulating the process of transferring money to the economy, bypassing the banking and budgetary system; 2) the activation of the process of transferring part of the functions of the Bank of Russia to the Government of the Russian Federation in the context of an unprecedented sanctions regime against Russia will have a positive impact on the formation of a modern legal model of money issue management, since it will limit the independence of the Central Bank of the Russian Federation fulfilling obligations arising from the Articles of the IMF Agreement.