Оценка эффективности инвестиционных проектов с государственным участием

Вестник Удмуртского университета. Серия 2: Экономика и право. 2017. Т. 27. № 6. С. 31–40.

Kosov M.

The main factor of economic growth of developing countries is the implementation of investment projects by economic entities, oriented to the growth of key performance indicators, attraction of labor resources, modernization and development, reducing production risks and increasing the investment attractiveness. However, the main disadvantages of current models of assessment of investment projects with state support are the lack of consideration of alternative financing sources, the inability to use the script approach in the analysis of project cash flows. This study presents a selection of the optimal model for an investment project, allowing to reduce the risk of probability of default, reduce the expected losses for the state (in the case of damages resulting from the occurrence of a warranty event), to reduce the probability of the expected deficit in the framework of the project tax revenues to the budget of the appropriate level. Implementation of these measures involves the use of scenarios and probabilistic approach that allows considering all possible alternatives to the investment project and the subsequent implementation of this measure allows to increase the efficiency of using budgetary funds.

Keywords: инвестиции, налоги, бюджет, экономика, economy, бюджетное финансирование, производство стали, investments, government funding, taxes, budget, mining and production of coal, steel production, добыча и производство угля