15 Years of the Federal Target Programs in Russia: Good Intentions and Cruel Reality

This book is based on the author's research of the state investment and public finance in Russia. The study covers 15 years - from 1992 to 2007 - and tells the story of some great ideas that have failed and some unjustified laws that still work.The book explains what the Federal Target Programs are and how they serve as an instrument for the Russian state investment. The broadest range of goals and opportunities, created by these programs, might have stimulated the development of the Russian economy, as well as might have resolved some social problems. Yet, the good intentions met the cruel reality. Sometimes investment has never arrived in the right time in the right place, sometimes there were cases of throwing good money after bad.Was there another way? How to use the whole capacity of the Federal Target Programs? What might have been a result of those good intentions, given some things done differently? Read this book to learn more about Russia's budget system, state investment, and regional development.