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Justification of Budget Expenditures for the Establishment of the Territories of Priority Development

Author

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  • Tatiana S. Remizova

    (Financial Research Institute, Moscow, Russia)

Abstract

The territories of priority development (TPD) are created in the Far East of Russia in order to attract residents, particularly core residents, and the development of the Far East. The paper presents the main advantages of the residents, when placing them on the TPD and risks related to the financing of infrastructure in the territory at the expense of the federal budget. In order to assess the possible risks and the efficiency of the planned TPD the author analyses 6 TPD complex investment project profiles. The analysis outcome shows that the only way to reach target results is to involve residents with the relevant revenue volume and other production indices, which are stated in the complex investment project (CIP).

Suggested Citation

  • Tatiana S. Remizova, 2016. "Justification of Budget Expenditures for the Establishment of the Territories of Priority Development," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 1, pages 70-78, February.
    • Handle: RePEc:fru:finjrn:160107:p:70-78
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    More about this item

    Keywords

    territory of priority development (TPD); the complex investment project (CIP); CIP profile; financing; infrastructure;
    All these keywords.

    JEL classification:

    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems

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