EVALUATION OF THE EFFECTIVENESS OF INVESTMENT POLICY MANAGEMENT IN THE TERRITORIAL MANAGEMENT SYSTEM

Abstract

This article examines the theoretical and practical aspects of assessing the effectiveness of investment policy management within the territorial management system. Building a high-quality investment policy management mechanism leads to the creation of new production and commercial capacities within the municipal economic space, which in turn generate additional jobs, resulting in increased income and consumer activity, and a reduction in social tension. From the perspective of territorial budgetary efficiency, a sound investment policy expands the potential for tax revenues in the municipal budget system. Investments within the orbit of municipal management essentially represent ongoing resource investments that, over time, should lead to the generation of socio-economic benefits without harming the environment or the well-being of the population. Investment policy is the most important management object within the municipal management system, the high-quality organization of which contributes to the formation of a complex of positive socio-economic, financial, and socially significant effects. The most relevant form of investment policy management within the municipal management system is the creation of a favorable investment climate. The goal of investment climate management is to attract investment into the socio-economic space of the territory. The authors of the work clarified the main characteristics of the essence of investments at the municipal level, systematized the key aspects of the significance of the investment policy of the municipality, and assessed the effectiveness of investment policy management in the urban management system using the example of the municipality «City of Kursk».