In 2023, company funds and bank lending should become the main source of investment
07.03.2023
This was stated on Tuesday, March 7, by the Minister of Economic Development of the Russian Federation Maxim Reshetnikov at a meeting with deputies of five profile committees of the State Duma. The meeting took place ahead of Prime Minister Mikhail Mishustin's annual report on the work of the Cabinet of Ministers.
According to him, supporting domestic investment in 2023 remains a key priority. Amid external pressure in 2022, investment supported the budget. “In the end, we understand that there is more capital in the economy, not less. And now we need to rely on private initiative and leverage. In 2023, the main source should be the own funds of enterprises and bank lending. It is important to ensure an inter-industry flow of funds both through the banking system and through the stock market.
Reshetnikov noted that after the departure of a number of foreign companies, niches were vacated for investors to occupy both funding and technological capacity development are required. Steady demand for preferential treatment remains. For example, today 50 special economic zones have been created in 38 regions, more than a thousand residents of which have invested 882 billion rubles, creating 56 thousand jobs.
In addition, the regime of territories of advanced socio-economic development remains one of the key mechanisms for diversifying the regional economy and attracting investment in single-industry towns. The minister noted that over the past 6 years, TASED in single-industry towns has attracted more than 1,200 residents, 228 billion rubles of investments and created 75 thousand jobs.
"The government has formed a number of measures support, which already today make it possible to combine preferential regimes with other instruments. Program 1704 is in effect in the regions, according to which, until 2024, the subjects will build about 150 infrastructure facilities of the SEZ for 35.5 billion,” Maxim Reshetnikov said.
In addition, recently launched a program implying reimbursement to the regions of the costs of creating and reconstructing the infrastructure of the SEZ at the expense of federal taxes and customs duties from residents. The minister said that he had already been selected to support the St. Petersburg SEZ in the amount of more than 1 billion, another 1 billion in the near future will be supported by the Dubna SEZ.
Other mechanisms also contribute to supporting investment activity: stabilization of legislation within the framework of SZPK, SPIK, IBK, industrial parks. For example, after the restart of the NWPC, agreements have already been signed for 400 billion rubles. These are projects in processing, metallurgy, mining, timber processing and chemistry.
As part of the investment mechanism "Project Finance Factory" approved for financing 35 projects worth 1.8 trillion rubles. Among them are the construction of the Udokan mining and smelting plant in the Trans-Baikal Territory, the Sukhodol coal port in Primorye.
“We are directing funds from the NWF to implement large infrastructure projects. Financing has begun on 15 projects out of 17 approved, including the expansion of the Eastern range of Russian railways, which will support exports to the East,” the minister concluded.