Finance and Credit

A revolving fund as a tool to perfect the funding of infrastructure projects for solid municipal waste utilization in Russia

Vol. 24, Iss. 5, MAY 2018

Received: 10 April 2018

Received in revised form: 24 April 2018

Accepted: 8 May 2018

Available online: 29 May 2018


JEL Classification: Q57

Pages: 1178-1194

Latypova M.V. Omsk State Transport University, Omsk, Russian Federation

Importance The article addresses revolving funds as a tool to finance the infrastructure for municipal solid waste (MSW) management.
Objectives The aim of the paper is to develop schemes of revolving fund functioning. The latter contributes to increasing the efficiency of environmental and utilization fees and improving the financial mechanism of municipal solid waste management system.
Methods The study draws on comparative analysis and modeling.
Results The paper substantiates the need for applying the revolving fund mechanism. It can solve the problem of using the environmental and utilization fees. I single out the main elements of the revolving fund mechanism and identify legal and economic problems that hamper its implementation. The article includes recommendations for the said funds implementation.
Conclusions and Relevance Mobilization and efficiency of using domestic sources to finance infrastructure projects for MSW management are extremely important under unfavorable economic conditions and State budget deficit. The paper offers revolving fund schemes that will improve the efficiency of environmental and utilization fees.

Keywords: utilization fee, environmental fee, revolving fund


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Vol. 24, Iss. 5
May 2018