NON-BUDGETARY SOURCES OF FINANCING AS INSTRUMENT OF DEVELOPMENT OF RURAL MUNICIPAL AREAS

Issue № 8, 2015, article № 11, pages 70-74

Section: Social problems of rural territories

Language: Russian

Original language title: ВНЕБЮДЖЕТНЫЕ ИСТОЧНИКИ ФИНАНСИРОВАНИЯ КАК ИНСТРУМЕНТ РАЗВИТИЯ СЕЛЬСКИХ МУНИЦИПАЛЬНЫХ РАЙОНОВ

Keywords: PUBLIC-PRIVATE PARTNERSHIP, RURAL MUNICIPAL DISTRICT, FUND, INVESTMENTS, FINANCING

Abstract: The social development of the countryside rest against insufficient financing at the expense of means of the consolidated budget. The author suggests using the public-private partnership mechanism in the form of system of funds of municipal bonds for development of rural territories by means of structuring and merger of investment funds of bonds. The funding mechanism for investments into social objects of the village by means of use of tools of the debt market is the most perspective option which spreads risks between participants of partnership - the state and a set of private institutional investors. The role of the state can consist in use of instruments of compensation or stimulation of budgets of various levels according to expenses or the income of investors.

Authors: Kosenko Oksana Konstantinovna