The most important factor in ensuring the competitiveness of the Russian economy in modern conditions is the presence of an effectively functioning system of public strategic management. The system of public strategic management allows for the:

• building of long-term priorities of a state in socio-economic development, allowing private companies to reduce risks, including when making long-term investment decisions;
• deploying of long-term solutions (with a period of implementation of 7 or more years) in the range of medium-and short-term targets that are agreed upon among themselves;
• balancing of planned actions that require significant organizational and resource costs (projects in energy, transportation, demographics, national security, in the field of human development);
• orientating of the Russian Federation and municipal entities to operate in accordance with the established long-term goals;
• linking solutions which were taken during the state of strategic management and budgetary constraints, that were determined both for medium-and long-term perspectives;
• monitoring of the implementation of decisions.

The main problems being solved by the Ministry when implementing the strategic planning are:

• formation of strategic management systems;
• development and monitoring of the implementation of the concept of long-term socio-economic development of the Russian Federation;
• monitoring of implementation of projects in the main areas of activities of the Government of the Russian Federation.

As of today, activities aimed at overcoming the crisis in the economy took on a strategic nature. In accordance with the instructions of the Government of the Russian Federation active work is being done on monitoring measures aimed at reviving the economy.

Effective functioning of the strategic management system is especially important in the context of a financial crisis and Federal budget deficit. Formation of the strategic management of the state will change the approach to the medium-term prognosis, link it to the prediction of long-term trends, will coordinate the development and implement the long-term development strategies and programs of the Russian Federation as a whole, as well as those of individual regions and sectors of the economy, and their mutual alignment of goals, deadlines and activities. In addition, this system involves the development of mechanisms of "performance management" or “result based management”, providing a clear connection between performance of public authorities and the budget allocated to their achievement.