Post on 17-Jan-2016
IABBProfile
IABB R&D and Project Activities
Russian Public Finance Analysis
Areas for Future Contacts
Key Points
Russia
IABB Location
to be an active participant in economic reforms by introducing and expanding new training technologies
to educate analytical managers and specialists capable of taking responsibility for the future of our country
to act as a role model of an effective educational system that meet the requirements of our time
IABB Mission
Partners of the IABB
Business Sector- AVTOVAZ
- Financial Institutions
- Industrial Enterprises
Federal Government
of Russia
The World Bank
Regional &
MunicipalAuthorities
International Academy of Business and Banking
IABB Project & Consulting Activity
• Executive Training
• Business and Government Re-engineering
• Public Finance Research
1998Municipal Staff Training Program
1998-2000Presidential Management Training Initiative (PMTI)
PerspectiveManagement Education Center of Volga Federal District
Experience in Executive Training and Perspectives
City Council Development Projects- Housing & Communal Services 1997
- Municipal Financial System 1995
Local Banking Community Consulting- Assets & Liabilities Management 1999
- Information Technologies in Banking 1997
- Strategic Planning for Commercial Bank 1996
Projects for Samara region Enterprises- Heat-Electric Power System of the Samara region 1999
- Chemical Industry 1999
- Analytic of Car Industry (AVTOVAZ) 1996
Experience in Business & Government Re-engineering
Research in Public Finance
World Bank Ministry of Finance Russia
Regional Fiscal Technical Assistance
Project
World Bank Project Overview
Stages of the Regional World Bank Project
Apr’2000 Dec’2000 Dec’2001 Dec’2002 Dec’2003
1. Diagnosis of financial state and quality of regional finance management
2. Fiscal legislation improvement on the federal and regional level
3. Federal monitoring system development
4. Technical Assistance ofRegional authorities
5. Budgetary expenses overview:
• Social policy• Communal and Housing Services• Education• Public Health Services
• Culture & Recreation• Public Transportation• Industry & Agriculture• State and Municipal Government• Law enforcement
Stages of Diagnosis of Financial State and Quality of Regional Finance
Preliminary report
First Intermediate report
Second Intermediate report
Final report Additional report
1. General Assessment
2. Analysis of Legislation
3. Debt Management
4. Quality of Financial Management
5. Treasury Budget Execution System
6. Reforming Program and Concept
7. Imple-mentation of Reforming Program
Economy of the USSR
Post Soviet/Russian Management System
Development Steps of Russia Financial System
Soviet System
Basisfor New System
Second Reform
Adoption ofSystem to New
Conditions
Accumulation ofFederal Debt
First Reform ofInter-budgetary
System
1991 1993 1995 1998 Now 2001
Principal Structure of Russian Budgetary System
Federal
Regional
Municipal(Local)
EducationPublic Health Service
Social SecurityHousing & Communal Services
SocialInfrastructures
Non-budgetary Funds:
- Pension- Social Security- Medical Insurance- Employment
Households
R E
R E
R E
Fin.Aid
Fin.Aid
Taxes
Businesses / Enterprises
R E
P L
Main Problems in Russian Budgetary System
Decentralized budget resources / Centralized budget powers
• Non-regulated powers and responsibilities between budgetary system levels
• Disparity between federal and regional legislation• Amount equal to 50% of Federal Budget
accumulated in non-budgetary funds• Complex and overburdening taxation system• Non-monetary forms of tax payments
Main Problems in Regional Budgetary System
Lack of Efficient Budget Management Technologies:
- Treasury budget execution
- Debt management
- Financial planning
- Investment planning
- Informational system implementation
Possible Areas of cooperation
• Fiscal Transparency in Russia• Business re-engineering
Seminar
The William Davidson Institute AT THE UNIVERSITY OF MICHIGAN BUSINESS SCHOOL
Ann Arbor, USA
International Academy
of Business and Banking Togliatti, Russia