Applying a comprehensive approach to construct indicators that reflect the financial security of the Russian Federation

Abstract

Subject. This article discusses the theoretical and methodological approaches to the formation of indicators affecting the diminution of financial security. Objectives. The article aims to develop comprehensive methodological approaches of integrated graphic and point rating methods, using indicators to form a functional adaptive system to reduce risks and improve financial security stability. Methods. For the study, we used comparative, economics and statistics analyses, abstraction, and an integrated approach. Results. The article proposes an original method of constructing consolidated integrated accounts that characterize the financial system's security level. Conclusions and Relevance. To ensure sustainable social and economic development of the State, it is necessary to use effective sensitive indicators, the application of which will help improve the validity of decisions made regarding the financial system. The results of the study can be used by government authorities at the State, regional, municipal, and economic sector levels.