Digitalization reveals resources and energy, according to participants of the second plenary session Digitalization of economy and the impact of this process on public finance: international experience and national features" at Moscow Financial Forum – 2017."

According to Head of Federal Tax Service Mikhail Mishustin, new technologies and portal solutions are serious competitive advantages. German Gref noticed that digitalization is quite a long and expensive process. In order to simplify shift to electronic platform it is crucial to involve private sector. It can provide 60-70% of state services, said the head of Sberbank.

IMF's Fiscal Affairs Department Director Vitor Gaspar talked about foreign experience of application of new technologies in economy and state services. According to him, there is no threat in the fact that technological changes increase the overall level of changes in society.  "Technology is not an engine itself. Wemoveittogether", he said and announced a new book about digitalization that will be distributed free at IMF web site.

Quotations following up the plenary session:

Vitor Gaspar: Economist is like a plumber, who fixes a leak and runs a pipe.

German Gref: Key drivers of economy growth – medium and small business and service sector.

Mikhail Mishustin: We try to be a provider of trust using new technologies.

German Gref: We are ready to be a backoffice for state services.

Vitor Gaspar: The use of information technology must be accompanied with guarantees of non-interference in private life.

Mikhail Mishustin: All this breakthrough technologies allow talking about analytic in another way.

German Gref: Forth industrial revolution is in full swing.