Enhancement of public fiscal competence as educational process tendency in Russia

Elena N Nikonova,Chulpan M Shavaleeva,H Çalişkan,E Masal,I Önder,Ş Beşoluk

doi:10.1051/shsconf/20162601045

Abstract

According to the Russian Constitution “everyone has the right to seek, receive, transmit, produce and disseminate information freely by any legal means.” In turn, the budget legislation of Russia has declared the openness of budget information. In recent years, the Russian Federation sees a lot of practical effort to implement the budget transparency principle; the results of this process are appreciated by the international community. But the problem is that budget information transparency (openness) does not presuppose that it is understood by all country citizens. Ongoing Russian government openness projects create opportunities to consider the views of the public in the course of draft budgets preparation; but for the general public to be able to formulate and express these opinions properly, they need to possess at least some basic knowledge regarding the fundamentals of the country’s budget system. Russian education system is to play the most important role in addressing these issues. The article deals with the prospects of Russian educational process development to increase the level of citizens’ budget literacy.

Highlights

According to the Russian Constitution "everyone has the right to seek, receive, transmit, produce and disseminate information freely by any legal means." In turn, the budget legislation of Russia has declared the openness of budget information
In 2011, the Russian Federation Ministry of Finance with the support of the World Bank launched the project "Facilitation of the financial literacy and financial education enhancement in the Russian Federation", the implementation of which should be completed by June 30, 2016
Financial literacy is defined as the ability of individuals to manage their finances and take effective short-term and long-term financial decisions closely related to financial education, [16]

Summary

Introduction

According to the Russian Constitution "everyone has the right to seek, receive, transmit, produce and disseminate information freely by any legal means." In turn, the budget legislation of Russia has declared the openness of budget information. That is why the revitalization of the process of civil society involving in the government decision-making regarding state and municipal finances management will largely depend on the level of budget literacy. All these determine the relevance of the research in this area. The aim of this work is to study substantive aspects of the "financial literacy" and "budget literacy" concepts, to investigate the Russian experience of facilitating financial literacy improvement, to define the educational process development prospects in Russia in the direction of increasing the level of public budget literacy. Under budget literacy we mean citizens’ knowledge about the fundamentals of country budget system organization and functioning, allowing them to participate in the preparation and examination of decisions taken by the authorities in the public finances management

Objectives

Results

Conclusion