Russias social development goals have been defined and include increasing life expectancy, reducing poverty, and natural population growth. These goals are especially relevant today for the Russian Far East. To address these issues, it will not be enough to just increase public expenditure. New approaches and solutions that combine private initiative, a focus on a specific result, and resources and investment will be required. When implementing social projects, it is often not the process of providing a service that is important, but rather the specific changes and social impacts that are achieved in a particular sector. Will Russia be able to switch from redistributing state budgets to finance services to a model that involves financing outcomes and achieving social and economic impacts? What tools are available for attracting private initiatives and investment to achieve social impacts? What are the key differences between the new funding tools and the traditional format for financing services and publicprivate partnerships? What has the experience of implementing social impact projects in other countries been? What impact has the SIB tool had on social issues in other countries? What is the role of the state in developing this tool? What is the role of social impact projects in achieving national development goals in the social sphere in the Russian Far East?