Financial management in Russia and abroad

Abstract

Development of financial management in each country occurs in a unique way It is due to historical traditions, administrative structure, internal and foreign policy of the state (aimed to improving the socio-economic situation in the country), the needs of various economic structures and organizations of the public administration system, including those aimed to centralizing (decentralizing) the management of financial flows of the country. In the paper, relevance of the research topic is due to strengthening the role of financial management under conditions of digitalization of the economy and searching the ways to improve the effectiveness of financial management in Russia including on the basis of domestic experience and the experience of developed foreign countries.