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Strategic Priorities of the Structural Transformation in the Machinery Complex in the Context of Fiscal Space

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  • N. A. Ganichev

    (State University of Management, Institute of Economic Forecasting, Russian Academy of Sciences)

Abstract

— The paper analyzes the development results for the Russian machinery industry over 2010–2023, defines the tasks of its further strategic development, and assesses their attainability taking into account the potential state support provided by the 2024–2026 federal budget. Special consideration is given to the structural changes that occurred inside the complex in 2022 and 2023. In particular, the parameters of labor productivity are analyzed, as well as the composition and structure of material expenditures, which has undergone significant changes due to the processes of import substitution and rising prices. Based on the identified structural imbalances and key problems, priority goals for the medium-term development of the complex are determined. In conclusion, the budgetary restrictions imposed on the achievement of the established goals for the strategic development of the machinery industry by the parameters of the federal budget law for 2024–2026 are assessed.

Suggested Citation

  • N. A. Ganichev, 2024. "Strategic Priorities of the Structural Transformation in the Machinery Complex in the Context of Fiscal Space," Studies on Russian Economic Development, Springer, vol. 35(6), pages 810-819, December.
    • Handle: RePEc:spr:sorede:v:35:y:2024:i:6:d:10.1134_s1075700724700357
    DOI: 10.1134/S1075700724700357
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