PROJECT FINANCING AS A MECHANISM FOR REDUCING BUDGETARY EXPENSES IN THE IMPLEMENTATION OF INVESTMENT PROJECTS
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Author(s): | Shvetsova I. N., |
| Number of journal: | 3(72) | Date: | September 2025 |
| Annotation: | In the current conditions, investment design is placed at the forefront of budget expenditure planning. Major infrastructure projects involve a wide range of financing. The article is devoted to the analysis of project financing as a mechanism for reducing budgetary expenses in the implemen- tation of investment projects, especially large infrastructur- al ones. The relevance of the topic in the light of the devel- opment in Russia of program-targeted budget planning and active implementation of project management in government bodies is emphasized. The article defines project financing (characterized by the creation of a project company and lim- ited regression), defines its stages of global development and analyzes the sources of financing of project activities in the Russian Federation (federal and regional budgets, extrabud- getary funds). Special attention is paid to the implementation of national projects, their financial scale and identified prob- lems, as well as positive dynamics in the execution of regional projects. The article noted progress in normative and method- ological support of project management and improvement of project literacy of regions. Public-private partnership (PPP) and partner financing are identified as key funding areas. The article proposes specific measures to improve mechanisms, such as reducing regulatory burden, attracting business, train- ing specialists and using international experience, as well as introducing standardized methodology for project financing implementation, adaptable to a specific industry focus. The need for development of methodological basis of project financing, reduction of regulatory burden, training of person- nel and mobilization of extrabudgetary resources through PPP is justified. Success depends on the synergy of resources of the state, business and international investors. The article will be useful to practitioners, researchers and teachers in developing educational methods for financial disciplines. | ||
| Keywords: | project financing, budget expenses, investment projects, public-private partnership / PPP, national projects, regional projects, risk management, budget planning, part- ner funding, project guillotine, financial support, expense reduction |
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| For citation: | Shvetsova I. N. Project financing as a mechanism for reducing budgetary expenses in the implementation of investment projects. Biznes. Obrazovanie. Pravo = Business. Education. Law. 2025;3(72):177—185. DOI: 10.25683/ VOLBI.2025.72.1340. |
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