Legal Regulation and Development Prospects of Social Impact Projects

The paper analyzes implementation of social impact projects based on federal and regional normative legal acts. From 2019 to 2024, the practice of implementing social impact projects has developed in the constituent entities of the Russian Federation within the framework of pilot testing. For the implementation of social impact projects, constituent entities of the Russian Federation adopt normative legal acts that include a description of the social effect, the achievement of which allows private investors to receive a grant from the budget of the budgetary system of the Russian Federation. At the same time, the study identifies several factors that hinder the widespread use of this instrument. The paper mainly describes systematization and analysis of the normative legal framework of the Russian Federation and the summarization of practical experience in implementing social impact projects in constituent entities of the Russian Federation. The author concludes that to expand the practice of implementing social impact projects, it is necessary to establish the possibility of using this instrument on a permanent basis at the legislative level, and at the sub-legislative level, to develop an approach to the implementation of social impact projects taking into account the practice that has developed during their pilot testing.

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