DANILOV YURI A.

The article is devoted to the problem of low quality strategic planning in the financial sector in Russia, an integral partof which is the lack of financial development policy in Russia, separated from financial regulation and supervision and combinedwith other government policies. The current state of the financial sector in the Russian Federation is considered, a conclusion isdrawn on the negative trends in the development of the financial sector, which, against the background of a substantial growthpotential of this sector, according to the author, is a consequence of the low efficiency of state finance policy. The policy of financialdevelopment has not been formed in Russia; the reasons for this are also analyzed in the article. Particular attention is paid to themain parameters and objectives of financial development, the main results of empirical research conducted in the world economicliterature are described, including in terms of the impact of financial development on economic growth rates. Different approachesto financial sector policy in successfully developing countries and in Russia are analyzed, and the quality of strategic planningdocuments in the financial sector is assessed. Based on the analysis made, proposals were formulated for improving the qualityof strategic planning for the development of the financial sector in Russia.