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Strategic Directions of the Country's Ensuring Financial Security

Author

Listed:
  • O.B. Ivanova
  • T.F. Romanova
  • E.D. Kostoglodova
  • D.G. Romanov

Abstract

It is grounded in the article that it is necessary to form a new fiscal policy paradigm and it is preconditioned by its orientation to provide economic growth and country's national security.The change of the geopolitical situation, slow down of the global growth pace, decrease of the global demand on the traditional commodities require to work out the interconnected set of measures, based on the creation of conditions for the Russian economy to transit to a new technological structure, for Russia to be among the leading countries in terms of gross domestic product and to oppose the impact of external and internal threats successfully.The objective of this work is to research the strategic directions of the Russian financial security aimed at analysis and indicative forecasting of a wide range of factors determining the financial and banking system stability, preserving its integrity and unity, overcoming Russia's internal and external threats in the financial sphere. To meet this objective the following tasks are set: to reveal the fundamentals and economic content of financial security; to structure the most important aspects of the financial security strategy; to identify specific features of budgetary security as a key component of financial security and determine fiscal consolidation priorities; to disclose methodological approaches to the formation of a financial security indicators system.The article draws conclusions about the need for an integrated approach to the financial security strategy formation that stimulates economic growth, improves the quality of public administration, the banking and financial system stability, human potential development.

Suggested Citation

  • O.B. Ivanova & T.F. Romanova & E.D. Kostoglodova & D.G. Romanov, 2017. "Strategic Directions of the Country's Ensuring Financial Security," European Research Studies Journal, European Research Studies Journal, vol. 0(3B), pages 461-468.
  • Handle: RePEc:ers:journl:v:xx:y:2017:i:3b:p:461-468
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    References listed on IDEAS

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    Cited by:

    1. T.F. Romanova & A.V. Maksimov & O.V. Andreeva & M.O. Otrishko, 2018. "Contemporary Challenges of State’s Financial Policy in the Social Sphere," European Research Studies Journal, European Research Studies Journal, vol. 0(Special1), pages 387-396.
    2. repec:ers:journl:v:special_issue:y:2018:i:1:p:387-396 is not listed on IDEAS
    3. repec:ers:journl:v:special_issue:y:2018:i:1:p:324-332 is not listed on IDEAS
    4. L.I. Nivorozhkina & E.N. Alifanova & Y.S. Evlakhova & A.A. Tregubova, 2018. "Indicators of Financial Security on the Micro-Level: Approach to Empirical Estimation," European Research Studies Journal, European Research Studies Journal, vol. 0(Special1), pages 324-332.
    5. Elvir Munirovich Akhmetshin & Vladimir Lvovich Vasilev & Denis Sergeevich Mironov & Elena Ivanovna Zatsarinnaya & Marina Viktorovna Romanova & Alexei Valerievich Yumashev, 2018. "Internal Control System in Enterprise Management: Analysis and Interaction Matrices," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 728-740.
    6. Natalia V. Koshel, 2018. "More than Supervision: Identifying Opportunistic Bank Behavior through Marketing Tools," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 2), pages 144-157.
    7. A.S. Orobinsky & A.A. Alukhanyan & R.A. Sychev & M.G. Kholina, 2018. "Development of Risk-Oriented Technologies of the Corporate Financial Controlling System," European Research Studies Journal, European Research Studies Journal, vol. 0(Special1), pages 333-349.
    8. Elena V. Dmitrishina & Denis A. Uskov & Vita A. Yagovkina & Anna A. Mikhaylova, 2018. "Peculiarities of Financial Provision for the Implementation of State Programs with Scientific and Technical Components," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 614-623.
    9. repec:ers:journl:v:special_issue:y:2018:i:1:p:125-135 is not listed on IDEAS
    10. I.G. Napalkova & A.N. Pozdnyshov & N.V. Fedorenko & A.N. Paremuzov, 2018. "Conceptual Approaches on Economic Security as a Political and Legal Institution," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 2), pages 531-539.
    11. repec:ers:journl:v:special_issue:y:2018:i:1:p:333-349 is not listed on IDEAS
    12. E.M. Evstafyeva & M.V Charaeva & G.E. Krokhicheva & A.V. Paleev, 2018. "Business Processes’ Reengineering in the Context of Increasing the Firm’s Value," European Research Studies Journal, European Research Studies Journal, vol. 0(Special1), pages 125-135.

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