Rustam Minnikhanov: Efficient use of budgetary funds and financial resources is one of the main conditions for economic development of the country

On May 14, at a plenary session of the II International research and practice conference "Development of state financial control. Legislation, practice, institutes" at Kazan federal University, Interim President of the Republic of Tatarstan Rustam Minnikhanov said that efficient use of budgetary funds and financial resources is one of the main conditions for economic development of the country.

The conference aims to discuss assessment of the state, problems and development of financial control in the Russian Federation and analyze execution of budget authorities of state financial control.

Rustam Minnikhanov noted that this conference is of big practical importance.

“Russian President Vladimir Putin noted in his speech that the main requirements for budgetary costs under current conditions are economy and best value, proper selection of priorities, and analysis of current economic situation,” Minnikhanov said.

Interim President of the republic told about the strategy of social and economic development of the Republic of Tatarstan until 2030 and its main goals, - increase of competitiveness of the republic at global markets, investment attractiveness and creation of highly efficient financial system.

Minnikhanov continued that the republic has an efficient control system and significant work on strengthening interaction between organizations performing authorities in budgetary and financial sphere has been carried out in the republic. He also noted that there is a special interdepartmental coordination council on issues of state financial control in the republic.

Rector of Kazan Federal University Ilshat Gafurov said that control as a management function has always been a popular area in terms of practical use and as a sphere which requires constant improvement.

Head of Federal service of financial and budgetary supervision Aleksandr Smirnov, Head of Federal Treasury Roman Artyukhin, Deputy Head of Russian Presidential Control department Mikhail Beskhmelnitsyn, Coordinator of the Public Expenditure Management Peer Assisted Learning (PEMPAL) Diana Grosu Axenti made reports at the session.