FEATURES OF THE BUDGET AS AN ECONOMIC POLICY TOOL

FEATURES OF THE BUDGET AS AN ECONOMIC POLICY TOOL

16 June, 16:15–17:30

The foremost deliverable of a national budget is meeting the needs of society, while reflecting national priorities and state policy. Effective budgetary expenditure is an essential component of implementing economic policy. How can priorities in state expenditure be adjusted through monitoring the effectiveness of the allocation of budgetary funds? How effective have the development institutions that have been recipients of state funding been? What should be the key role of the highest financial oversight authorities in the budgetary processes today: effective oversight, risk-related governance, or appraisal of the efficiency of managerial decision-making? What can be learned from the auditing practice of international institutions?

















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Key moments

Our common goal is to ensure the recovery of growth rates for the Russian budget, and on this basis to enhance the welfare of our citizens.
Anton Siluanov
Earlier, the budget deficit was financed from the reserve fund, and in the future we will have to gradually enter the market of domestic lending.
Anton Siluanov