Some organizational, legal and theoretical aspects of off-budget funds and their budgeting

Abstract

The article discusses certain issues of the organizational, legal and theoretical nature of off-budget
funds and their budgeting, where there is inconsistency both in the formulation of the issue of investments of
extra-budgetary funds and in the definition of the concepts of “off-budget funds” and “budgeting”, indicating
their versatility.
For example, the definition of extra-budgetary funds as a set of financial resources of public authorities that
are not part of the state budget and have other sources of formation and purpose is the most significant. We can
agree with the formulation of budgeting as a process of synchronizing and coordinating the actions of financial
resources to achieve the strategic goals of a country, organization, and other monetary resources in a timely
manner and in the right amount. Or the essence of budgeting an extra-budgetary Fund is to create its financial
stability through the process of budgeting and monitoring their implementation.
The procedure for the formation and use of extra-budgetary funds in the Kyrgyz Republic (KR) is regulated
by regulatory legal acts, in particular the Budget code of the KR.