A strategy to provide economic growth financing in Russia
Subject The article considers mechanisms of financial sources formation to increase economic growth of Russia. Objectives The aim is to formulate general provisions of a strategy to ensure Russia's GDP growth financing. Methods The main methods of the research are formal and dialectical logic, deduction and induction, analysis and synthesis. Results We identify basic mechanisms to create financial sources of economic growth, i.e. savings ratio, savings, investment in fixed assets. The analysis of their trends enabled to formulate basic provisions of a strategy of economic growth financing in Russia. We prove that the strategy should be based on the transformation of economic structure of consumption and savings towards more intensive capital accumulation. Using the market measures of control will reduce the adverse effects associated with redistribution of financial resources and channeling them to investment, and enhance the positive trends in the creation of sources for economic growth. On this basis, within the monetary, fiscal and general economic regulation, we offer tools that constitute the key pillar for the strategy to finance the economic growth in Russia. Conclusions The findings may be useful for development of financial and economic policy of the Russian Federation.