Innovative Model, Social Financial Technologies and Sovereign Issue as a Tool for Accelerated Development of the Elkon Mining and Metallurgical Combine

Abstract

The article has developed an economic and mathematical model combining sovereign emission, a comprehensive system of social financing of enterprises and optimizing the volume of interest-free government loans, the amount of credit funds returned to the state (the body of the loan), wages of the labor collective, consistent with revenue growth, deductions for the development of the enterprise, taxation and social contributions. Using sovereign emission and social financial technologies, the development process from 2023 to 2033 (10 years) is modeled on the joint-stock company “Elkon Mining and Metallurgical Combine”. As a result of interest-free government lending and social financial technologies for the enterprise in question, revenue increased 2.05 times over 10 years, wages 8.6 times, development contributions 4.76 times. As a result, in the third year of the simulation, the volume of tax revenues will exceed the loan body by 173 million rubles, for the 5th year by 382 million rubles, for the 10th year by 1,463 million rubles (3 times). In other words, the state, providing interest-free loans to the enterprise and completely writing off the loan debt (the body of the loan), receives 3 times more funds to the budget than it invests in the enterprise.