1. IABB Profile IABB R&D and Project Activities Russian Public Finance Analysis Areas for Future Contacts Key Points

2. Russia

3. IABB Location

4.  to be an active participant in economic reforms by introducing and expanding new training technologies  to educate analytical managers and specialists capable of taking responsibility for the future of our country  to act as a role model of an effective educational system that meet the requirements of our time IABB Mission

5. Partners of the IABB Business Sector - AVTOVAZ - Financial Institutions - Industrial Enterprises Federal Government of Russia The World Bank Regional & Municipal Authorities International Academy of Business and Banking

6. IABB Project & Consulting Activity Executive Training Business and Government Re-engineering Public Finance Research

7. 1998 Municipal Staff Training Program 1998-2000 Presidential Management Training Initiative (PMTI) Perspective Management Education Center of Volga Federal District Experience in Executive Training and Perspectives

8. City Council Development Projects - Housing & Communal Services 1997 - Municipal Financial System 1995 Local Banking Community Consulting - Assets & Liabilities Management 1999 - Information Technologies in Banking 1997 - Strategic Planning for Commercial Bank 1996 Projects for Samara region Enterprises - Heat-Electric Power System of the Samara region 1999 - Chemical Industry 1999 - Analytic of Car Industry (AVTOVAZ) 1996 Experience in Business & Government Re-engineering

9. Research in Public Finance World Bank Ministry of Finance Russia Regional Fiscal Technical Assistance Project World Bank Project Overview

10. Stages of the Regional World Bank Project Apr’2000Dec’2000Dec’2001Dec’2002Dec’2003 1. Diagnosis of financial state and quality of regional finance management 2. Fiscal legislation improvement on the federal and regional level 3. Federal monitoring system development 4. Technical Assistance of Regional authorities 5. Budgetary expenses overview: Social policy Communal and Housing Services Education Public Health Services Culture & Recreation Public Transportation Industry & Agriculture State and Municipal Government Law enforcement

11. Stages of Diagnosis of Financial State and Quality of Regional Finance Preliminary report First Intermediate report Second Intermediate report Final reportAdditional report 1. General Assessment 2. Analysis of Legislation 3. Debt Management 4. Quality of Financial Management 5. Treasury Budget Execution System 6. Reforming Program and Concept 7. Imple- mentation of Reforming Program

12. Economy of the USSR

13. Post Soviet/Russian Management System

14. Development Steps of Russia Financial System

15. Principal Structure of Russian Budgetary System

16. Main Problems in Russian Budgetary System Decentralized budget resources / Centralized budget powers Non-regulated powers and responsibilities between budgetary system levels Disparity between federal and regional legislation Amount equal to 50% of Federal Budget accumulated in non-budgetary funds Complex and overburdening taxation system Non-monetary forms of tax payments

17. Main Problems in Regional Budgetary System Lack of Efficient Budget Management Technologies: - Treasury budget execution - Debt management - Financial planning - Investment planning - Informational system implementation

18. Possible Areas of cooperation Fiscal Transparency in Russia Business re-engineering Seminar The William Davidson Institute AT THE UNIVERSITY OF MICHIGAN BUSINESS SCHOOL Ann Arbor, USA International Academy of Business and Banking Togliatti, Russia