The presentation for consideration by the State Duma of the Federal Assembly of the Russian Federation of the main directions of a unified state monetary policy as the budgetary authority of the Bank of Russia

The subject of the research is the budgetary authority of the Bank of Russia to develop and present for consideration to the State Duma of the Federal Assembly of the Russian Federation the main directions of the unified state monetary policy. The object of the research is the legal regulation of the organization of monetary circulation in the Russian Federation. The author examines the budgetary authority of the Bank of Russia as an element of the stage of development and discussion of the main directions of monetary policy within the monetary process. He reveals the content of the budgetary authority under consideration, concluding that it consists of the authority to directly develop the main directions of monetary policy, the authority to coordinate with the Government of the Russian Federation in the development of the main directions of monetary policy, the authority to undergo internal organizational procedures directly within the Bank of Russia, and the authority to present the main directions of monetary policy to the State Duma, as well as justifying the involvement of the Government of the Russian Federation and the National Financial Council of the Bank of Russia in its implementation. Using the example of ensuring an acceptable level of inflation in the state, the author illustrates the legal regulation of the interaction between monetary and financial policy in the Russian Federation. The methodological basis is the dialectical method of scientific cognition of economic and legal phenomena in their interconnection and interdependence. The reliability and validity of the results are achieved through the comprehensive application of formal-legal, systemic-structural, and other methods. The main conclusions of the conducted research, which testify to its novelty, include the conclusion about the Central Bank of the Russian Federation as a subject of the public authority system, exercising functional interaction in the form of coordination with the Government of the Russian Federation on the issue of developing monetary policy, the conclusion about the authority of the Central Bank of the Russian Federation to present the draft of the main directions of monetary policy to the State Duma as a budgetary authority affecting the organization and implementation of the budget process, as well as the conclusion about the rights and obligations of the Central Bank of the Russian Federation when developing and submitting the main directions of monetary policy to the State Duma, arising from the organization and implementation of the budget process and the accountability of the Bank of Russia to the State Duma.

Budgetary authority, Monetary policy, ruble exchange rate, Strategic Planning Document, Powers of the Government of the Russian Federation, Coordination, Financial policy of the state, Inflation, Budget draft, Accountability