Abstract
The purpose of the article is to evaluate the effectiveness of the current (conservative) model of managing financial resources of the state in Russia and to develop a new, more effective, model that envisages managing financial resources of the state on the basis of new ICT. For evaluating the effectiveness of the process of managing financial resources of the state, the authors use the classic method of effectiveness assessment which envisages comparing expenditures and results, adapted to peculiarities of the object of evaluation. The result is the level of transparency of the system of state finances, volume of the deficit of the federal budget, and the level of national debt, and expenditures—the volume of state expenditures as to GDP. The information and analytical basis of the research includes materials of the reports of Tax Justice Network “The Financial Secrecy Index Review 2018”, TASS Information Agency on the budget of the RF for 2018 and planned period of 2019–2020, and the World Bank on national debt and government expenditures in Russia. The authors prove that the current (conservative) model of managing the financial resources of the state in Russia is not effective, as it envisages absence of transparency of finances, deficit of the federal budget, and increase of national debt, which is accompanied by large expenditures for state management of finances. That’s why it should be replaced by a new, more effective model, which envisages management of state’s financial resources on the basis of new ICT. This model is presented here.
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Filin, M.A., Maksimova, S.Y., Murzageldieva, E.B., Tsakhaeva, Z.Z., Shaydaeva, D.A. (2020). The Model of Managing Financial Resources of a State on the Basis of New Information and Communication Technologies. In: Popkova, E. (eds) Growth Poles of the Global Economy: Emergence, Changes and Future Perspectives. Lecture Notes in Networks and Systems, vol 73. Springer, Cham. https://doi.org/10.1007/978-3-030-15160-7_96
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