BUDGET AND TAX TOOLS TO SUPPORT THE COMPETITIVENESS OF SMALL AND MEDIUM BUSINESS IN UKRAINE
Journal Title: ЕКОНОМІЧНИЙ ДИСКУРС - Year 2016, Vol 4, Issue 4
Abstract
Introduction. One of the main priorities of economic policy in most countries of the world is the support of this segment entrepreneurship in view of the particularly important functions of small and medium enterprises at the present stage of development of the economy. Budget and tax tools to support the competitiveness of small and medium-sized businesses have a significant role among the tools of state regulation of economic processes, including the development of small and medium-sized entrepreneurship. The development of modern domestic small and medium business shows the insufficiency of the using such tools and the necessity of their improvement. Methods. General scientific and special methods of groupings, logical analysis, strategic management (to substantiate the tools and means to improve the competitiveness of small and medium enterprises); systematic and comparative analysis were used during the research. Results. The development of small and medium business makes a significant contribution to the social and economic development of the state is argued, in particular, provides the increasing of GRP and contributions to local budgets, creation of new jobs and increasing of employment and strengthening the innovation component of competitiveness of national economy. However, the basic components of favorable economic environment for the successful development of small and medium businesses are not provided today in Ukraine. In particular, it concerns an inefficient budget and tax policy to stimulate entrepreneurial activity. According to the relevance of the subject, the target reference points for the improvement of public policies to support the competitiveness of the sector of small and medium entrepreneurship are identified, in particular, a number of measures to regional governmental bodies in the part of budget and tax policy, aimed at strengthening the competitiveness of enterprises SME sector are designed. Discussion. It is advisable to focus further research in analyzed area on research of advanced world experience of using budget and tax instruments to support SMEs for the purpose of its using in Ukraine.
Authors and Affiliations
Yulia Shushkova
Keywords
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