Proposals for the Financial System’s Reform

The article analyzes the financial system of Russia, which is a key element in regulating a market economy and the perfection of which determines the pace of economic development. Federal Law No. 172-FZ “On Strategic Planning in the Russian Federation” adopted by the State Duma of the Russian Federation on June 28, 2014 was supposed to help the government, but any planning is possible only if there are a plenipotentiary body, models and regulatory framework. The author offers a number of steps to create a quality regulatory framework for planning.