To research the mechanism of public finance activities. Specifies the difference in public financial activity from the financial activities of private aspect due to special features of the financial activities of a public nature, providing overall scientific understanding of the nature of public financial activities. Characteristics of public financial activities based on a comparison of legislation of Ukraine and Azerbaijan. Special attention is paid to the study of the concepts of «budget» and «financial resources». Author finds relevance determination budget is not due to financial resources, through concepts such as «cash», «cash fund».
Keywords: finance, financial legislation, financial resources, budget