MODERN REALITIES OF FINANCIAL SUPPORT OF SMALL BUSINESS DEVELOPMENT IN UKRAINE
The choice of effective forms and methods for supporting the development of small businesses contributes to the creation of a competitive and innovative environment, and raising the standard of living of the population. That is why the purpose of the article is to study financial support for the development of small business in Ukraine at the current stage of development and to substantiate the areas of it improvement. The study found that existing problems of a systematic nature, while supporting the development of small businesses, are inconsistent and ineffective. On the basis of statistical data, the tendency to reduce the number of small enterprises was determined, which is the result of such negative factors as the difficulty of attracting investments, loans, obtaining privileges, weak state support, shortcomings in the taxation system. The system of financial mechanisms of development of small and medium enterprises in Ukraine is considered, which consists of budget, credit and self-financing mechanism, and it is proved that the main financing is the own funds of enterprises. On the basis of the conducted analysis, the ways of overcoming the problems of development described above are offered. First of all, it is cooperation and formation of mutual relations with large enterprises, which will allow not only to reduce production costs, but also to ensure continuous sustainable business of small enterprises and solve the flagrant problem of employment. That is, in order to solve the problems of small business development and Ukraine, a consistent and effective policy of supporting the development of small enterprises by the state is necessary without excessive interference in economic activity and the creation of a favorable business environment in the regulatory environment, in budget financing, crediting and taxation.
[Download PDF version]
Keywords: small business, financial support, state support, interaction of large and small enterprises. |
CORPORATE FINANCE
Pavlicovskyi Anatoliy
PhD, professor, SHEI «Kyiv National Economic University named after Vadym Hetman»
Puniia Nadiya
master’s degree, Faculty of Finance, SHEI «Kyiv National Economic University named after Vadym Hetman»
|
