The Role of the Financial System in Solving Socio-economic Problems

The purpose of this work is to demonstrate the real role of the Russian financial system in solving the socio-economic problems of the country’s development. Achieving this goal involves the study of the impact on the socio-economic development of the country’s financial system parameters that have this effect, the ability of financial regulators to influence these parameters, as well as the financial policy of the Russian state. The study found that the role of the Russian financial system in solving the socio-economic problems of the country’s development is insignificant, that the situation in the financial system itself is under the strongest influence of events occurring in the real sector of the country’s economy, as well as in the world financial system, that the traditional levers of financial policy are more in the power of not financial, but non-financial regulators of the economy. It follows that the solution of the problems of socio-economic development of the country, including the problems of the financial system itself, depends mainly on the state policy in the field of the real sector of the economy. The tasks of the Russian state in the field of Finance are, first of all, improving the quality of financial services and improving the efficiency of financial sector organizations.