Obligations in the Mechanism of Financial Law Regulation

One of the achievements of the modern theory of financial law is the recognition of the obligatory nature of financial legal relations that ensure the development of the financial mechanism of the state. Based on research into the legal nature of financial obligations, legislation, as well as law enforcement practice, the author identifies a number of problems that require resolution, including: the lack of criteria for the application of private law mechanisms in financial relations; insufficient conditions for the fulfillment of financial obligations that contribute to strengthening guarantees for the protection of a person’s right to manage finances, the development of investment activity of business entities, control over the movement of capital, etc. Formulates conclusions that may be important for the development of financial and legal science and serve as directions for the development of financial legislation.