On the first day of the Moscow Financial Forum, 14 business events were held with the participation of representatives of federal and regional authorities, of business, of international experts in the field of economics and finance. 

Within the frame of the session “Efficiency of Budgetary Rules in the EAEU member states. Opportunities for development of the system of supranational budgetary rules” the director of the Department of budgetary policy and strategic planning of the Ministry of Finance of the Russian Federation Vladimir Tsibanov reported that in recent years the profitability of the oil and gas sector has increased significantly. It is known that a non-oil and gas export also showed high growth rates last year. Together with the budgetary rules, we managed to provide a reliable basis for the long-term economic growth.

The Deputy Financial Minister of the Russian Federation Alexey Moiseev moderated the session “OSAGO reform: to be continued”. He reminded that in the summer the government approved and introduced to the State Duma draft amendments to the law "On compulsory insurance of civil liability of vehicle owners." If adopted, the law will give insurers the right to determine independently the approach to the application of insurance rates, taking into account the personal characteristics of the driver. "The new tariff system in OSAGO will reduce the price of the policy by three to four times for the “ideal” drivers, especially if citizens install for themselves the tachographs," — noticed Alexey Moiseev. 

At the session “Social Certificate as a tool of state-funded services availability and quality improvement” was discussed a new mechanism for organizing the provision of state and municipal services provided for by the national projects “Education” and “Demography”. The Deputy Minister of Education of the Russian Federation Marina Rakova called the certificate a tool that enables to handle large resources: “As of April 5, 2019, we issued about 1,300,000 respective certificates.  At the current time they have already been used by 900,000 children from 42 constituent territories of the Russian Federation”. “A service rendered should be of highest quality; it should cost the same for the state, no matter who is going to render it. Consumers are interested in the rest of the process”, — noticed the First Deputy of Secretary of the General Council of the United Russia political party Olga Batalina stressed.

Within the frame of the session “The Impact of the investment environment on the finances and the economy of the city”, the Deputy Mayor of Moscow for economic policy and property and land relations Vladimir Efimov said that the shadow economy of Moscow, which was 20%, reduced by half: “At least a third of those additional funds — this is the result of "whitewashing" of the company as a result of the work of tax service. With the introduction of tax forms into the self-employed mode, we are slowly pulling it into a “white channel”.

The role of the moderator of the business session “Financial support of development plans for the territories” was taken on by the head of the department of state regulation of economics of the RANEPA, the director of the ANO “Institute for Public Finance Reform” Vladimir Klimanov. He noted that earlier this topic was peripheral in the system of public administration due to the industry-specific thinking we are accustomed to. However, in February 2019, the Spatial Development Strategy of the Russian Federation was developed, the purpose of which is the development of medium-term and long-term plans for support of macro-regions, cities, urban agglomerations and rural territories.

On the first day of the Moscow Financial Forum the open session of the Financial directors club “Provision of the state support measures: mechanisms of implementation and efficiency of private investments attraction to investment projects” was held.  “We have conceptually changed the state approach to implementation of major projects — we have virtually formed a competitive selection, enhancing fair competition. We enroll the competitive bidders in the rating list and select the first 80 from the best ones who become engaged later in the projects”, — commented out the Deputy Finance Minister of the Russian Federation Andrey Ivanov. The business session participants came to the conclusion that this approach not only encourages attraction of private investments to achievement of the national development goals, but also helps to implement them with ultimate efficiency.