The System of Indicators for Evaluating Regional Investment Projects Financed from Budgetary Funds
( Pp. 298-307)

More about authors
Olga V. Loseva
Financial University under the Government of the Russian Federation; Moscow
; Russian Federation Marina A. Fedotova
Financial University under the Government of the Russian Federation; Moscow
; Russian Federation Viktoriya V. Shpiger
Financial University under the Government of the Russian Federation; Moscow
; Russian Federation
Abstract:
The purpose of the study. The article deals with the issues of a comprehensive assessment of regional investment projects implemented at the expense of budgetary funds. In accordance with this, the purpose of the article is to form a system of indicators that takes into account the main and additional criteria for the economic and socio-environmental effectiveness of the implementation of regional investment projects through the prism of assessing the investment attractiveness of the project and its performers. To achieve this goal , the following tasks have been set and solved: 1) the main and additional criteria for evaluating a regional investment project have been identified; 2) a system of indicators for assessing the investment attractiveness of the project and its potential performers has been developed; 3) a summary index of the feasibility of state financing of the project has been proposed; 4) calculations of indicators and a summary index have been carried out on a specific example. Conclusions. In order for the state customer to make an informed decision on the budget financing of a regional investment project, a multiplicative index of the expediency of state financing has been developed, which includes indices of the investment attractiveness of the project itself and its performer. Each index is determined on the basis of basic and additional indicators that characterize, on the one hand, the utility, economic, budgetary, social and environmental effectiveness of the project itself, and on the other hand, economic efficiency, resource potential, compliance with ESG principles of doing business and the business image of the project executor. The results obtained can be used by state and municipal authorities to make an informed decision on the appropriateness of budgetary financing of regional investment projects and their potential performers selected on the basis of the author's system of indicators and the proposed integral index.
How to Cite:
Loseva O. V., Fedotova M. A., Shpiger V. V. The System of Indicators for Evaluating Regional Investment Projects Financed from Budgetary Funds // ECONOMIC PROBLEMS AND LEGAL PRACTICE. 2023. Vol. 19. № 5. P. 298-307. (in Russ.) DOI: 10.33693/2541-8025-2023-19-5-298-307. EDN: SCCNNQ
Reference list:
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Investment attractiveness of Russian companies and investment projects: assessment and management / Fedotova M.A., Loseva O.V., Tazikhina T.V. et al. M.: Knorus Publishing House, 2021. 254 p .
Model methodology of ESG ratings // Report of the Bank of Russia.—URL: https://cbr.ru/Content/Document/File/144085/Consultation_Paper_17012023.pdf (Accessed: 12.06.2023).
Starshov A.A. Legal regulation of investment activity in the Russian Federation // Scientific and methodological electronic journal «Concept». —2019. —No. 2 (February). —0.5 p. l. —URL: http://e-koncept.ru/2019/194014.htm.
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Keywords:
regional investment project, criteria and indicators of investment attractiveness, consolidated index of expediency of state financing of the project..


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