Organizational and economic approach to determining the goals of digitalization of the state's financial policy

Abstract

The article examines issues of improving financial policy based on its digitalization. The relevance of our
work is twofold. On the one hand, it is determined by the need to improve the interconnections between all areas
of financial policy (FP). On the other hand, the importance of the research topic stems from the fact that the world
is currently undergoing digitalization of economic development, including in the financial sector. Combining these
two aspects into a single whole leads us to the idea of the great importance of finding a new organizational and
economic approach to the digitalization of the state's FP, primarily based on clarifying its goals. The essence of the
problem is that, in the conditions of the existence of interdependence of processes and results of the activities of
all areas of financial policy, their rather significant “autonomy” of development weakens the connections between
them and leads, in our opinion, to a decrease in the effectiveness of the functioning of each of them individually, and
of the state’s financial policy as a whole. The purpose of this article is to briefly analyze the relationships between
various areas of financial policy in the Russian Federation (RF) and, as a result of this study, to identify, justify, and
propose ways to strengthen the coordination of the activities of ministries and departments of the financial block
of the Government of the Russian Federation based on the clarification of the goals of digitalization of the FP. The
research methodology includes a targeted search for information on the topic, economic and logical analysis, the
study of legal acts, intuition and empiricism, induction and deduction, as well as other methods. As a result, we briefly
analyzed the implementation of financial policy in Russia and the progress of its digitalization. Based on this, we
sought to justify the need for an organizational and economic transition from the current state financial policy to a
unified financial policy. To implement this idea, we formulated a corresponding goal and proposed including it in the
National Project "Data Economy and Digital Transformation of the State.