Public Interest in Russian Financial Law and Modern Legal Science

Abstract

The article is devoted to one of the fundamental issues in legal science and theory of financial law in particular. In the context of globalization and expansion of legal regulation the issue of safeguarding public interest is becoming more and more urgent. The choice of adequate directions, goals, and mechanisms of legal impact on social and economic relations is determined by public interests. The Authors give thorough consideration to the concept of the public interest in the Russian legal doctrine, the aspects of its development in modern legal science, as well as the necessity to safeguard it in public expenditure. Preserving public interest is substantiated as the basic principle of public administration and legal regulation of finance. According to the Authors, this kind of approach facilitates successful achievement of the strategic goals of the country and optimization of public finances administration.