Optimizing the consolidated budget of the development Program  for a diversified industrial complex

Occupation: head of the Laboratory of strategic development of industries
Affiliation: Central Economics and Mathematics Institute, Russian Academy of Sciences
Address: Moscow, Russian Federation

George Tatevosian

Occupation: Leading Research Associate
Affiliation: Central Economics and Mathematics Institute, Russian Academy of Sciences
Address: Moscow, Russian Federation

Svetlana Sedova

Occupation: Senior researcher
Affiliation: Central Economics and Mathematics Institute, Russian Academy of Sciences
Address: Moscow, Russian Federation

Ruslan Magomedov

Occupation: Research Scholar
Affiliation: Central Economics and Mathematics Institute, Russian Academy of Sciences
Address: Moscow, Russian Federation

Journal name

Ekonomika i matematicheskie metody

Edition

Volume 57 Issue 3

Pages

79-85

Abstract

In a situation of economic downturn, complicated by COVID-19 pandemic, which has covered many countries in the world, including Russia, it is necessary to choose ways to ensure more or less sustainable economic growth. The condition in the Russian chemical complex is analyzed. The choice of the chemical complex as one of the priority ways of the Russian economic development has been substantiated. A conditional long-term development Program for the Russian chemical complex is worked out. This Program takes into account the shortcomings of fragmented government measures for the development of chemical and petrochemical industries. It is argued that the implementation of the Program will allow increasing the domestic supply for high-value-added hydrocarbon products, generally contributing to the reduction of the raw material share of Russian exports. The authors' earlier research to optimize structure of the development program for a large industrial complex in conditions of limited resources is developed. In particular, an approach to the choice of the optimal structure of the development program`s budget, consisting of such sources of financing as assignments from the national budget, private capital, long-term credits, as well as reinvested profit from investment projects participating in the Program is proposed. The results of economic and mathematical modeling and computer experimentation for optimizing structure of this Program`s consolidated budget, which make it possible to significantly improve its target indicators, as well as to involve socially significant low-profit investment projects of small and medium-sized businesses, are presented.

Keywords

chemical complex, investment project, development program, program budget, sources of financing, reinvestment, long-term credit, optimization, modeling

Received

21.08.2021

Publication date

22.09.2021

Number of characters

17645

Cite

GOST	Braginsky O., Tatevosian G., Sedova S., Magomedov R. Optimizing the consolidated budget of the development Program for a diversified industrial complex // Ekonomika i matematicheskie metody – 2021. – V. 57. – Issue 3 C. 79-85 [Electronic resource]. URL: https://emm.jes.su/S042473880016412-2-1 (circulation date: 23.04.2024). DOI: 10.31857/S042473880016412-2
MLA	Braginsky, Oleg, Tatevosian, George, Sedova, Svetlana, Magomedov, Ruslan "Optimizing the consolidated budget of the development Program for a diversified industrial complex." Ekonomika i matematicheskie metody 57.3 (2021):79-85. DOI: 10.31857/S042473880016412-2
APA	Braginsky O., Tatevosian G., Sedova S., Magomedov R. (2021). Optimizing the consolidated budget of the development Program for a diversified industrial complex. Ekonomika i matematicheskie metody 57(3), pp.79-85 DOI: 10.31857/S042473880016412-2

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