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Targeted investment programmes of the RF constituent entities: Budget allocations execution challenges and solutions

Vol. 30, Iss. 10, OCTOBER 2024

PDF  Article PDF Version

Received: 22 July 2024

Received in revised form: 5 August 2024

Accepted: 19 August 2024

Available online: 30 October 2024

Subject Heading: INVESTING

JEL Classification: E22, G31, Н50, H61, H72

Pages: 2204-2222

https://doi.org/10.24891/fc.30.10.2204

Marzhinat I. KANKULOVA Saint-Petersburg State Economic University (SPbSEU), St. Petersburg, Russian Federation
kankulova@mail.ru

https://orcid.org/0000-0001-8452-3367

Irina B. MAKEEVA Saint-Petersburg State Economic University (SPbSEU), St. Petersburg, Russian Federation
makeeva_ir@mail.ru

ORCID id: not available

Subject. This article discusses the issues of efficiency and effectiveness of spending budget funds on investments.
Objectives. The article aims to assess the execution of expenses under the targeted investment programme of the constituent entity of the Russian Federation.
Methods. To study the problems of implementing the targeted investment programme, published scientific publications and budget data of the Leningrad Oblast were studied.
Results. The article presents the results of the analysis of the practice of execution of budget funds for capital investments in State and municipal property. As a way to improve the efficiency of the relevant processes, the article proposes the application of the considered practice of the Leningrad Oblast to create a reserve of funds for financial support of expenses on the objects of the targeted investment programme.
Conclusions. In 2023, in the face of sanctions pressure, the volume of budget allocations for the targeted investment programme decreased.

Keywords: targeted investment programme, budget investments, capital investments, budget process, planning

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ISSN 2311-8709 (Online)
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