“Factory” for Project Financing: Budget Problems and Risks

Makar Kudelich

Finansovyj žhurnal — Financial Journal, 2018, issue 6, 71-82

Abstract: The launch of the “Factory” for Project Financing program in early 2018 was a new stage in the development of project financing in Russia with state support. At the same time, the rules of the program create certain imbalance in risks allocation between government and private investors comparing to general rules of undistorted market environment. In this regard, this article discusses the key features of project financing “Factory” program and also contains proposals for program improvement rules in order to increase justification of federal budget expenditures and reduce the risks of state when implementing investment projects within the program.

Keywords: “Factory” for project financing; federal budget; investment project; specialized society of project financing; State Development Corporation “VEB.RF”; subsidies; state guarantees (search for similar items in EconPapers)
JEL-codes: H54 H81 (search for similar items in EconPapers)
Date: 2018
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.finjournal-nifi.ru/images/FILES/Journal ... tii/fm_2018_6_06.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fru:finjrn:180606:p:71-82

DOI: 10.31107/2075-1990-2018-6-71-82

Access Statistics for this article

Finansovyj žhurnal — Financial Journal is currently edited by Vladimir S. Nazarov

More articles in Finansovyj žhurnal — Financial Journal from Financial Research Institute, Moscow 125375, Russia Contact information at EDIRC.
Bibliographic data for series maintained by Gennady Ageev ().