Efficient and competitive economy (national project)

Chronicle

2024: Allocation of 1.9 trillion rubles for the national project

1.9 trillion rubles were allocated for the implementation of the new national project "Effective and Competitive Economy" in 2025-2030. This decision was made at the end of June 2024 at a profile strategic session in the government.

It is assumed that most of these funds - 999.1 billion rubles - will be allocated from the federal budget. Regional budgets will allocate 536 billion rubles for the implementation of the project, and extrabudgetary sources will provide 343 billion rubles. However, the amount can be adjusted during the process of prioritization of expenses.

Freepik

The project "Effective and Competitive Economy" includes five federal areas: the development of small and medium-sized enterprises (SMEs), increased labor productivity, increased investment activity, low-carbon development and the development of the state system of statistics and forecasting. These areas were highlighted by Deputy Prime Minister Alexander Novak and will be the basis for the formation of a competitive Russian economy.

The effectiveness of the implementation of the national project will be assessed by seven key indicators. In particular, the increase in the volume of investments in fixed assets compared to the level of 2020 should be 60%.

Financial support for small and medium-sized businesses will be directed to priority sectors of the economy and investments in them, said Minister of Economic Development Maxim Reshetnikov. He stressed the need to stimulate the transition of micro and small enterprises to medium-sized enterprises, which will form a more sustainable SME + sector.

Within the framework of the federal project "Increasing investment activity," the most effective investment support tools will be used, such as the ВЭБ.РФ Project Financing Factory, agreements on the protection and promotion of investments (SZPK), an investment tariff benefit mechanism and public-private partnerships. It is also planned to improve the investment climate by reducing administrative barriers and developing regional measures to support investment, including the creation of special economic zones.^[1]

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