Methodological Aspects of Evaluating the Social Effectiveness of Investments

The article examines the issues of evaluating the effectiveness of investment projects implemented in the social sphere, specifically, approaches to decision-making on the inclusion of such projects in the state targeted investment programs on the basis of their social significance. We explored methodological aspects of evaluating investments directed to the implementation of state targeted programs that are designed to develop social and cultural sphere. The importance of the development of the public sector of the economy and the need for effective use of budget investment resources for this purpose are confirmed. The article provides a justification for the expediency of directing public investment in the form of capital investments in municipal property. The research studied the methods for evaluating the effectiveness of investment used in the framework of the state target program. The article provided an example of calculating the integral indicator of social efficiency of an investment project related to education and culture.