The Macroeconomics information analytics system to boost the effectiveness of strategic planning

20 december 2018

"We need to learn to manage state data in a way that radically improves the quality of decision making,"said Gleb Pokatovich, First Deputy Head of the Analytical Center, as he opened a meeting of the subgroup for digital economy.

Mr Pokatovich believes that in order to achieve that easy-to-understand rules must be formulated for how to handle state data and a system must be put in place to allow various sources of data to interact and share information with each other.

During the meeting, the experts presented the design for a new information analytics system called Macroeconomics whose goal is to boost the effectiveness of strategic governance, create and implement key elements of the state economic policy.

According to Mr Pokatovich, the new system must be integrated with the global digitization process in state governance. "As part of the implementation of the Digital Economy program there are plans to create two very important components for handling public and private data, one is the National Data Management System and the other is the Digital Analytics Platform. The latter is to be developed by the Federal Statistics Service while the National Data Management System is to be developed to a large extent by the Analytical Center," the expert explained.

In order to achieve the goals set by the President regarding ensuring high economic growth, the country needs to transition from offering targeted state support to a more active economic policy, noted Anastasia Alekhnovich, the Head of the Expert Center of the Authorized Representative of the President of the Russian Federation for the Protection of the Rights of Entrepreneurs. She went on to add that the Macroeconomics information analytics system will be based on real genuine figures that will form the basis for the decision making process in public authorities in financial, budget, taxation, rates, regulatory, territorial and industry policies. The new information analytics system will be based on data supplied by the Federal Tax Service.

"The Federal Tax Service's data processing system is head and shoulders above the best counterparts in the world and contains information about practically 100% of all economic entities operating in Russia," Ms Alekhnovich said. "We checked the data of the Federal Tax Service by industry in 75 regions. For example, the database of economic activity codes showed a sudden spike in jobs, added value in the leather and furs sectors in the Tver Region, even though that specific sector had been previously stagnating. It turned out that a new fur factory opened there. This fact was never recorded in any other sources. We went down to the level of municipal data and over the past 3 years we were able to see what was going on in small business and how local authorities were working with entrepreneurs."

Creating an information analytics system of this kind will allow the country to successfully implement a new smart taxation system and set it up taking into account every nuance to ensure sustainable growth while maintaining financial and budget stability.

The meeting of the subgroup also looked at the concept for a new Digital Economy applied scientific and educational cluster. According to Leonid Anuchin, Adviser to the Authorized Representative of the President of the Russian Federation for the Protection of the Rights of Entrepreneurs, the cluster should supply the digital economy with qualified staff who will have exhaustive competences to work under new conditions. The idea is for the cluster to bring together science, technology, education and manufacture to create new innovative products, technologies and services.