Considerations on Optimal Financial Invest-ment into Infrastructural Facilities

The enlargementof government’sinvestmentinto infrastructural construction is both a help medicinecuring economiccontraction and an effective measureto accumulatelong-termeconomicgrowth..How-ever,the investmentby finance into infrastructure also has a problemof optimization and reasonable selec-tion.In view of marketeconomicrequirements,the policy direction of financial investmentinto infrastruc-tural industries must be doing somethingat the expense of some other things.In the process of the adjust-mentand optimizationof economicstructure,state financial investmentinto infrastructural facilities has to first of all solve the problemof delimitating the best fields and selecting trades.As to the infrastructure facilities producingand selling pure public products,the developmentmust be madeby financial investment;As to the productionfields of subpublicproducts,finance should ensure reasonable investment;As to the in-frastructural facilities of pure privite production,finance should completely,in principle,pull out and let marketsupply.Onthis basis,selections should be madeon best capital soureces and investmentways.The capital sources should be mainly from tax and regulational incomeand direct investmentmay be made.As to the productionfields of most subpublicproduction,the best capital sources are national debt incomeand in-direct investmentmaybe made.In addition,the optimization of financial investmentinto infrastructural fa-cilities must reform the managerialsystem of infrastructural facilities and raise investmentefficiency.On-ly by scientifically selecting and arranging the financing ways and managerialsystem in investmentfields,can the maximumeconomicefficiency and social welfare results be realized in carrying out financial invest-mentinto infrastructural facilities. [