The article provides a modified method of effectiveness valuating of federal purposive programs. This method differs from a known one; the fact is that in addition to the net discount income it takes into consideration the internal rate of return of activities and programs as a whole, but inflationary expenses correction during realization of the program and double-counting of its results value in the final stage are excluded. The valuation results of certain program effectiveness are examined in the article. Market value of the objects, created according to the program, was determined with the help of valuation methods.
Keywords: effectiveness evaluation, method, federal and regional purposive programs