Post sponsored by

MIL OSI Translation. Region: Russian Federation –

Photo by M. Denisov.

The participants spoke in an accessible form about public finance, the best ways to present information about the budget, and also shared their experience of budget planning.

Moscow summed up the results of the annual city competition of projects “Budget for Citizens”… The participants presented works aimed at raising the level of budgetary and financial literacy of the residents of Russia. Out of 125 submitted projects, 13 projects of individuals and three – legal entities became the best. The winners of the Moscow stage will be awarded with certificates and mementos, and the best works will be sent to the all-Russian stage of the competition.

Having independently studied economic literature, periodicals and financial portals, the contestants developed social and educational projects. They shared their experience in managing personal and family budgets, as well as developing booklets and manuals on the basics of financial and budget literacy for children and adolescents.

“Financial literacy allows people, regardless of age and status, to more freely navigate the world of finance and choose exactly the services they need. Possessing the appropriate skills, citizens know how to properly manage money: plan expenses, increase savings and minimize the risks of losses. Whatever the specific goal, the result is an increase in the standard of living and confidence in the future, “she noted

Elena Zyabbarova, Head Moscow Department of Finance.

For eight years the main participants of the Moscow competition “Budget for Citizens” have been schoolchildren and students, and this year was no exception. On their own and together with teachers, they tried to explain in an accessible form about public finance, the best ways to present information about the budget, as well as share their experience in budget planning, financial education skills for children and involvement of parents in the educational process.

The greatest interest in the competition this year was shown by the students of the Financial University under the Government of the Russian Federation, as well as students and teachers of the school No. 656 named after A.S. Makarenko. The school received 26 works, two of which won the victory. The leadership of the educational institution submitted for the competition a project of a thematic week to improve the financial literacy of students, and the tenth grader Anastasia Vrublevskaya developed a coloring manual for the study of basic economic terms for primary school students. Primary school students also did not stand aside: 11 kids told how they saved money for the desired purchases.

For the third year in a row, the work of Financial College No. 35 has been highly appreciated by the jury. In 2020, its teachers created a video that introduces the basic concepts of the country’s budget system. He entered the curriculum for financial education of young people. This year, teachers held a master class to tell residents about the types of tax deductions and electronic services of the Federal Tax Service.

“The competition“ Budget for Citizens ”is part of a large financial and educational work. It provides a good opportunity to show knowledge and creativity, independently master the basics of economics and finance, share experience in planning personal and family budgets, as well as conducting educational events on budget topics. Having studied the main tools for effective management of financial resources, our contestants have already laid the foundations for their own financial security and well-being, “Elena Zyabbarova is sure.

In addition to Muscovites, residents of Rostov, Orenburg, Tver, Moscow regions, Perm and Krasnodar territories and the Republic of Tatarstan fought for the victory in the city competition. They presented board games, Internet brochures, projects of magazines and comics, author blogs and communities in social networks, short cartoons, videos, proposals for improving the Moscow Government’s portal “Moscow Open Budget” and many other projects.

The most popular nominations this year were “Budget: Just about Difficult”, “Budget for Citizens in Pictures” and “Quiz about the History of Russian Finance”.

The works of the participants were evaluated by the competition committee, which included representatives of the leading universities of the capital, public figures and employees of the Moscow Department of Finance.

According to the organizers, most of the participants in the competition used a game form of material presentation, so their projects can be used for events to increase the level of financial and budgetary literacy of children and adolescents. The representatives of the competition committee also emphasized the practical significance of the work (in terms of the presentation of information on the portal “Open Budget of the City of Moscow”). In her project, student Svetlana Kirilenko analyzed the portal and offered recommendations for improving its sections. She received an offer to pass a competitive selection for further inclusion in the personnel reserve of the Moscow Government.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

MIL OSI Russia News