Template-Type: ReDIF-Article 1.0 Author-Name: Mikhail A. Smirnov Author-Email: smirnov@nifi.ru Author-Workplace-Name: Financial Research Institute, Moscow, Russia Title: The Project Approach Application in the Government Program Implementation Abstract: The article considers relevant issues of development and implementation of government programs, which are among important mechanisms of government regulation in sectors of the economy. The author analyzes the main limitations of the program mechanisms that hinder increase in efficiency of budget spending in the face of shrinking funding. Moreover, the article proposes project format for the implementation of government programs, which requires more detailed study of the action and a thorough analysis up to specific projects and enterprises. There is also proposed scheme of the basis of the government programs procedures. Classification-JEL: H50, H60 Keywords: industrial policy, project approach, government program, target indicator, import substitution, government subsidy Journal: Finansovyj žhurnal — Financial Journal Pages: 79-88 Issue: 1 Year: 2016 Month: February File-URL: http://www.nifi.ru/images/FILES/Journal/Archive/2016/1/stftii_1/fm_2016_1__08.pdf File-Format: Application/pdf Handle: RePEc:fru:finjrn:160108:p:79-88