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ИД «Финансы и кредит»






Digest Finance

Forms of budget investments and their efficiency enhancement

Vol. 27, Iss. 4, DECEMBER 2022

Received: 5 September 2018

Received in revised form: 26 September 2018

Accepted: 22 October 2018

Available online: 28 December 2022


JEL Classification: E22, E62, G28

Pages: 423–438


Mikhail E. KOSOV Financial University under Government of Russian Federation, Moscow, Russian Federation

ORCID id: not available

Subject. The article investigates budget investments and their forms as factors underlying the infrastructure development and social projects realization. Budget investments imply funds from the budget directed to create or increase the value of State (municipal) property.
Objectives. The aim is to review trends in and specifics of the main forms of budget investments in Russia, identify mechanisms to increase the efficiency of budget investments.
Methods. The study rests on publications from academic literature, methods of synthesis and analysis, comparisons, formalization and specification.
Results. The paper offers options to improve the efficiency of budget investments in Russia. The findings may contribute to enhancing the efficiency of budget investments and rational use of budget funds.
Conclusions. Efficiency is a barometer of development and use of budget investments. In addition to improving the regulatory and legal framework for budget investments, it is important to reconsider the approach to public finance management.

Keywords: budget investments, federal targeted investment program, public- private partnership, investment fund


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