Abstract <p>This study analyzes frameworks for the financial governance of economic development at the industry level. Focusing on Russia’s construction materials sector (CMS), it shows how material-financial flow dynamics are influenced by broader macroeconomic transformations in a tiered economy. The analysis concludes that structural imbalances within the sector stem from both macroeconomic contradictions and state-level policy choices. Implemented monetary policy generates conditions that can enhance the efficacy of investment-related technological solutions and rectify market imbalances in the CMS. The study justifies the need to fund sectoral development priorities guided by a dual criterion: capital accumulation coupled with a reduced burden on existing capital during revenue extraction. Furthermore, it proposes a forecasting methodology for the construction materials sector, conceptualizing it as an element within a multi-level economy and considering its role in the network of inter-industry and functional relationships.</p>