Programme

THE MULTIPLIER EFFECT OF BUDGETARY EXPENDITURES ON THE ECONOMY: PRIORITIES, INTERNAL RESERVES AND CONTROL

Global Economy: New Challenges and Shifting Horizons
Panel Session
Pavilion 8, Conference Hall 8.3

Given the slowdown in economic growth, state financial monitoring and audit authorities have greater influence on choosing priority spending areas and identifying internal government reserves. What are the multiplier effects from different areas of state economic support, and what is the correlation between budget expenditures and government programme indicators? How are the roles of financial monitoring and audit bodies changing when it comes to assessing the efficiency of government authorities, and how do these organizations contribute to ensuring that these authorities assume greater responsibility for utilizing resources and achieve their stated goals and results?

Moderator:
Andrey Makarov , Chairman of the Committee on Budget and Taxes, The State Duma of the Federal Assembly of the Russian Federation

Panellists
Alexander Brechalov , Co-Chairman, All-Russia People's Front; Secretary, Civic Chamber of the Russian Federation
Tatyana Golikova , Chairwoman, Accounts Chamber of the Russian Federation
Kozy-Korpesh Janburchin , Chairman, Accounts Committee for Control over Execution of the Republican Budget of the Republic of Kazakhstan
Andrei Klepach , Deputy Chairman (Chief Economist), Member of the Board, Bank for Development and Foreign Economic Affairs (Vnesheconombank)
Anton Siluanov , Finance Minister of the Russian Federation


Qiang Wei , Director General, National Audit Office of the People’s Republic of China
Evsey Gurvich , Member of Economic Board at the President of the Russian Federation
Yaroslav Kuzminov , Rector, National Research University Higher School of Economics
Vladimir Mau , Rector, Russian Presidential Academy of National Economy and Public Administration (RANEPA)
Amin Hossein Rahimi , Senior President, Supreme Audit Court of the Islamic Republic of Iran
Ivan Romanovich , First Deputy Chairman, State Control Committee of the Republic of Belarus
Aleksandr Sokolov , Director of the Department of Competition Policy, State Company ”Russian Roads”
Valeriy Khripun , Chairman, Chamber of Control and Accounts of the Rostov Region

Broadcast

Key moments

The three priorities of budget spending are: infrastructure, which should stimulate increasing efficiency, along with education and healthcare.
Anton Siluanov
Our three priorities, our three horses pulling the cart of the Chinese economy forward: investment, foreign trade, and consumption.
Qiang Wei
The structure and quality of spending is more important than balance.
Vladimir Mau