THE FEATURES OF FINANCIAL LEGAL RELATIONS ON THE STATE BORROWINGS

Abstract

It is indicated that scholars traditionaly have identified the following features of financial relations: (1) its occuring in the public financial activities field (2) its property (money) nature, (3) one of the parties of such relations is always the state, represented by the authorized state body (local authority), (4) they arise, change and stop always on the basis of the law (financial and legal act), not on the basis of the parties’ will. However, the financial relationship on state loans have a certain specificity. They arise and develope dynamically on the such stage of public finance activity as the mobilization of financial resources to public funds.