Prime Minister Dmitry Medvedev approved a strategy to increase financial literacy citizens of the country. A financially literate citizen, the document says, must live within his means and take care of the formation of his pension.
Dmitry Medvedev (Photo: Vladimir Rodionov / TASS)
The government has approved a strategy to improve the financial literacy of Russian citizens for 2017-2023. The corresponding order was signed by Prime Minister Dmitry Medvedev on September 25, 2017. The document is published on the website of the government.
The strategy was developed by the Ministry of Finance. “The goal of the Strategy is to create the foundations for the formation of financially literate behavior of citizens as a necessary condition for improving the level and quality of life, including through the use of financial products and services of appropriate quality,” the reference to the document says.
In chapter " General provisions” strategy states that “the level of financial literacy in Russian Federation is still quite low and requires long-term systematic and coordinated work of all interested parties. According to the authors of the document, "the skills of personal financial planning and the formation of financial reserves in case of unforeseen circumstances are still lacking in the majority of Russian households."
Written accounting personal income and expenses, the strategy says, is carried out only in 25% of Russian households, only a third of Russians seek to secure their pension financially. The same number of people pay attention to the profitability and guarantee of safety of savings when choosing tools for savings management.
“Ensuring personal financial security is becoming an important factor economic well-being of people,” said the authors of the strategy.
Among the main problems to be solved are paternalism (putting responsibility for personal financial decisions on the state), lack of trust in financial system, imperfection of legislation, low awareness of the population about consumer protection and pension rights, and others.
A financially literate citizen must “monitor the state of personal finances, plan their income and expenses, form long-term savings and a financial “airbag” for unforeseen circumstances.” Also, such a citizen should live within his means, rationally choose financial services and avoid disproportionate income debt, be able to recognize the signs financial fraud be able to defend their legal rights as a consumer financial services, lead financial preparation for life in retirement.
The strategy will be implemented in two stages. At the first (2017-2019) will be held complex analysis, during which its goals and objectives can be adjusted. At the second stage (2019-2023), it provides for the implementation of the action plan for the implementation of the strategy, which has yet to be approved.
Improving the financial literacy of the population: international experience and Russian practice Bliskavka Evgenia Alexandrovna
3.8. Examples of regional financial literacy programs
3.8.1. Volgograd region
Since December 14, 2010, the Decree of the Administration of the Volgograd Region “On the long-term regional target program “Improving the level of financial literacy of the population and developing financial education in the Volgograd Region” for 2011–2015” has been in force.
The main goal of the program implementation is to form reasonable financial behavior among citizens in making informed decisions in relation to personal finances and to increase the effectiveness of protecting their rights as consumers of financial services. The Administration of the Volgograd Region assumed the functions of developing a program of measures to increase the FG and organizing the selection of performers of specific work within their framework. Financing of the program activities is carried out at the expense of the regional budget allocated to the executive authorities of the Volgograd region.
When preparing and holding events, special attention is paid to the following categories of citizens: young people planning to start a family; citizens in need of loans; citizens facing serious financial problems, including the unemployed; pensioners; military personnel.
Awareness-raising campaign at the regional level involves all types of media mass media. The concept of thematic content of television commercials for their production and systematic broadcast on the air has been developed. The concept provides for the preparation of five videos on the most significant problems in the field of financial literacy. The rotation of commercials is expected throughout 2011.
The publication and distribution of information brochures and booklets for the population on various aspects of financial literacy has been organized (Fig. 3.2).
It is planned to develop centers for consulting and educating citizens in the field of improving financial literacy on the basis of the existing infrastructure: the Volgograd regional business incubator; Volgograd State Training Center; multifunctional centers for the provision of state and municipal services in the Volgograd region (MFC).
Information support of the program to increase the FG of the Volgograd region
The state autonomous institution "Volgograd Regional Business Incubator" plans to train entrepreneurs in the form of short courses, in the form of workshops, including the transfer of theoretical data, analysis of practical situations and tasks, discussion of emerging issues in the field of compensation for the costs of maintaining entrepreneurial activity, interaction with banks and microfinance organizations, changes in the payment of contributions to off-budget funds, attracting investments for business development, etc.
Based on the state autonomous institution"Volgograd State Training and Course Combine" created a Center for consulting and educating citizens in the field of financial literacy in the housing and communal sector, an educational project "Financial ABC for citizens in the housing and communal sector" was developed. A series of information brochures has been prepared and issued (Fig. 3.3):
Publications of the series "Financial ABC for citizens in the housing sector in the Volgograd region"
Employees of the institution are working to place in institutions of the system of social protection of the population information materials and thematic videos to increase the FG of the population and protect consumer rights.
Today, there are 44 state institutions of social protection of the population and 101 state institutions of social services for the population in the territory of the Volgograd region, in which it is planned to distribute these information brochures, booklets, and collections.
It is planned to create Centers for financial consulting and education of citizens on the basis of multifunctional centers for the provision of state and municipal services. 13 MFCs have been established in eight urban districts and municipal districts of the Volgograd Region. The opening of the MFC in each municipal area Volgograd region is planned until the end of 2012.
In the educational process of educational institutions, institutions of primary and secondary vocational education in the Volgograd region in the 2010-2011 academic year, financial education programs are used, textbooks are used, study guides and electronic resources, including "Finance", " Money circulation and credit”, “Taxes and taxation”. It is planned to hold competitions on FG issues among institutions of higher and secondary vocational education, general education schools. Based on the results of the competitions, grants will be provided.
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The project "Assistance in improving the level of financial literacy of the population and the development of financial education in the Russian Federation" is being implemented by the Ministry of Finance of the Russian Federation in conjunction with by the World Bank, with the support of the Ministry of Education and Science of the Russian Federation, leading Russian banks. His ideas arose in 2011, the project is designed initially until VI 2016, extended until 2018.
Project Goal is to increase financial literacy Russian citizens(especially students of schools and higher educational institutions, as well as the adult population with low and middle income levels), promoting the formation of reasonable financial behavior among Russian citizens, informed decisions and a responsible attitude to personal finances, increasing efficiency in the field of protecting the rights of consumers of financial services.
The main objectives of the Project:
1. Based on an assessment of the level of financial literacy of the population and the effects of piloted programs, develop and begin implementing a medium-term national strategy improving the financial literacy of the population;
2. Create sustainable institutional mechanisms for the implementation of financial literacy programs at the federal and regional levels with the participation of executive authorities, educational institutions, non-governmental organizations, and the financial sector;
3. Create human resources in the implementation of financial literacy programs at the federal and regional levels;
4. Develop, test and disseminate educational programs and tools to improve financial literacy, using the institutions and channels of both formal and non-formal education for schoolchildren, students and adults;
5. Create a system of effective and accessible information resources in the field of financial literacy and protection of the rights of consumers of financial services, conduct a large-scale information campaign; develop, test and distribute a wide range of information materials on the protection of the rights of financial consumers;
6. Support on a competitive basis a wide range of bottom-up initiatives aimed at improving financial literacy, developing financial education and improving the protection of the rights of consumers of financial services;
7. Provide capacity building for authorities government controlled and the non-state sector in the field of consumer protection in the field of financial services, including staff development, improving the state of affairs with the disclosure and accessible presentation of information by financial market participants and interaction with private sector organizations;
8. Conduct a comprehensive large-scale assessment and organize monitoring of the level of financial literacy and financial behavior of the population.
Main components of the project
1. Development of a financial literacy strategy, monitoring and evaluation of the level of financial literacy and consumer protection.
2. Capacity building in the field of financial literacy, including:
3. Development and implementation of educational programs and information campaigns to improve financial literacy, including:
4. Improving the protection of the rights of consumers of financial services, including:
General management of the Project.
Executor and Chief Executive budget funds under the Project is the Ministry of Finance of the Russian Federation (Minfin of Russia). The project is being implemented in cooperation with Rospotrebnadzor, the Bank of Russia, the Ministry of Education and Science and the Ministry of Economic Development of Russia and other departments and organizations. Expert support of the Project is provided by the Expert Council. The functions of coordinating the current work on the preparation and implementation of the Project are performed by the Working Group of the Ministry of Finance of Russia. Chairman working group is also the Project Director.
There are several options for participating in the Project:
With complete list all contracts of the Project - both already implemented, current and planned for the future - can also be found on the FRP website by studying the Project Procurement Plan: http://fer.ru/fefl/procplan.htm;
Project contacts:
The publication was prepared as part of a joint project of the Ministry of Finance of the Russian Federation and World Bank"Assistance in improving the level of financial literacy of the population and the development of financial education in the Russian Federation."
In the context of the global financial crisis, even Western economists and public figures are raising the issue of the need to improve the financial literacy of the population and improve financial preparation at school. For our country, this issue is much more relevant due to the fact that Russian citizens have practically no experience of living in conditions market economy. As a result, many families do not know how to rationally manage their income and savings, to correctly assess possible risks on the financial markets are often victims of financial scams.
Therefore, a special educational and methodological complex (TMC) was developed, which includes the following elements:
The Financial Literacy course for this educational level is based on the learning-by-doing methodology. This allows you to give students not only basic knowledge of a financial nature, but also the skills of competent financial behavior.
Financial Literacy: A Curriculum. Professional education
The curriculum is focused on a competency-based approach to learning and active learning and cognitive activity of students. The program provides for the acquisition of not only basic knowledge in financial sector(subject results), but also a certain set of skills, competencies, personal characteristics and attitudes (meta-subject and personal results) in accordance with the Federal State Educational Standard.
Curriculum (PDF, 297 Kb)
Financial literacy: materials for students. Professional education
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As a result of studying the course, students will learn how to compose family budget and carry out financial planning in the family, rationally spend money and make savings; what is the essence of insurance protection and the principles of functioning of the pension system; what does it mean to use bank loans and contributions; how to protect yourself from financial risks and prepare to start your own business.
Student Resources (PDF, 112.63 Mb)
Financial literacy: guidelines for the teacher. Professional education
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Guidelines for Teachers (PDF, 2.34 Mb)
Financial literacy: materials for parents. Professional education
(PDF, 1.24 Mb)
Financial literacy: control measuring materials. Professional education
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