Analysis of regulatory approaches to assessing the effectiveness of public investments

The purpose of the study was to analyze regulatory approaches to assessing the effectiveness of public investment to identify functioning institutions that can accelerate the formation of new mechanisms of public management of social capital. The information base of the study consisted of normative legal acts and methodological documents in the relevant area of public administration. Within the framework of the considered approaches to assessing the effectiveness of public investment, some features of the management system were noted, allowing to conclude that the imbalance of approaches becomes a factor provoking the opportunistic behavior of decision makers, task performers and end users of budgetary investment funds. The practical significance of the work lies in the fact that the findings can form the basis for a new approach to assessing the efficiency of distribution and use of public investment, designed to ensure the consistency of investment activity participants in the redistribution of budget funds between the priority areas of socio-economic development, industries, regions and investment projects of various scales.