The Imperial laws of 1906 limited the prerogatives of the supreme authority in the sphere of legislation in favor of the established parliamentary structures the Imperial Duma and reformed State Council. However, the emperor and the government (The Council of Ministers) got fairly broad opportunities for legislative activity. This paper will focus on how the government implemented granted prerogatives and solved a number of issues related to the operation of the financial mechanism of the Empire in 1905-1914. During the period of the parliamentary monarchy the Council of Ministers was entitled to legislative authority and, under certain circumstances, could compete with the Duma and the State Council. In some cases, the Government could solve questions concerning approval of the budget, extra budgetary allocations to different departments in addition to chambers will. Thus, the Council of Ministers could run affairs which were considered as the subjects of legal regulation and discussion in chambers. The desire of deputies to provide a tough, sometimes petty control over the activities of the bureaucracy in the field of public finance, political and personal ambitions of parliamentarians, and, to some extent, the lack of the necessary experience (especially at first) all this spun out the budget process. In some cases, the financial prerogative of the Cabinet could be implemented without the approval of the emperor (if the measure was approved by all members of the Council of Ministers). The political situation in Russia in 1907 led to the situation when the Government had to implement repeatedly their emergency powers in budgetary framework of the empire.