Reference

The programme has been drafted by the Ministry of Finance in accordance with the list of state programmes approved by Directive No 1950-r of 11 November 2010 to create a long-term balanced and sustainable budget system and to improve the management of public finances.

The state programme includes the following sub-programmes:

– Long-term financial planning;

– Regulatory and methodological support and organising federal budget planning and execution;

– Organising and performing oversight in the budget and finance sphere;

– Supporting the operation and development of the taxation system in Russia;

– Managing sovereign debt and government financial assets;

– Developing international economic and financial cooperation;

– Developing the e-budget, an integrated data system for managing public finances;

– Government regulation of the precious metals and stones industry, and forming a government fund of precious metals and stones;

– Government regulation of the production and sale of ethyl alcohol, liquor and alcohol containing products.

Expected results:

–  stable financial conditions for sustainable economic growth, higher living standards and better quality of life in Russia, and stronger national security;

– more effective financial regulation at publicly funded entities for exercising state (municipal) functions and meeting citizens’ needs for state (municipal) services, improving these services’ accessibility and quality;

– high level of tax collection and a lower ratio of tax arrears to tax revenues in the budget system; more taxpayers who are satisfied with tax authorities’ work; a stable and predictable tax system;

– most federal spending will be planned, supervised and evaluated through targeted programmes; active use of this type of planning and evaluation by regional and municipal governments;

– compliance of state and municipal finance with internationally accepted standards of accountability and transparency.