The holiday was established by the decree of the President of the Russian Federation in 2015. The date chosen is not coincidental: October 22, 1918, for the first time in the history of the Russian Armed Forces, according to the decree № 135 of the Revolutionary Military Council, regulations of the Financial Department of the Revolutionary Military Council were announced. A legal document on an autonomous financial body was put into effect, which led to the establishment of the Financial and Economic Service of the Armed Forces.
The Financial and Economic Service has made an undeniable contribution to strengthening the state’s defence capacity, the country’s social and economic development, the improvement of the living standards of its citizens, as well as a successful resistance by the Armed Forces to emerging external and internal threats.
Financial University has been actively involved in training highly skilled military financial economists during its century-long history. During the Great Patriotic War, alumni of our predecessors, the Financial and Economic Institute and the Moscow Credit and Economic Institutes, joined the army and navy.
But our university has made a special contribution to training Financial Service executives in the post-war period. 7,500 finance officers graduated from the Faculty of Military Sciences and Economics. More than 10,000 officers of various specialties took courses in Economics.
During the difficult “Cold Warperiod, more than 7,000 reserve officers of the Financial Service graduated from the Department of Military Sciences.
Apart from training military financial economists, the university conducted and still conducts scientific research in the interests of the military security of the country.