Template-Type: ReDIF-Article 1.0
Author-Name: Makar I. Kudelich
Author-Email: kudelich@nifi.ru
Author-Workplace-Name: Financial Research Institute, Moscow 127006, Russia
Title: “Factory” for Project Financing: Budget Problems and Risks
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.
Classification-JEL: H54, H81
Keywords: “Factory” for project financing, federal budget, investment project, specialized society of project financing, State Development Corporation “VEB.RF”, subsidies, state guarantees
Journal: Finansovyj žhurnal — Financial Journal
Pages: 71-82
Issue: 6
Year: 2018
Month: December
DOI: 10.31107/2075-1990-2018-6-71-82
File-URL: http://www.finjournal-nifi.ru/images/FILES/Journal/Archive/2018/6/statii/fm_2018_6_06.pdf
File-Format: Application/pdf 
Handle: RePEc:fru:finjrn:180606:p:71-82