Financial Support of the Forestry Complex Development Priorities: Diversification of Forms and Means
Journal Title: Проблеми економіки - Year 2016, Vol 2016, Issue 3
Abstract
It is found that at the present stage the funding of the forestry complex development priorities occurs in the following forms: 1) the budget financing of reforestation; 2) financial support of forestry and forest protection projects with the use of funds raised by public and private entities of forest entrepreneurship on the basis of self-financing activities; 3) the receiving of financial resources by forestry entrepreneurship entities as a result of compensation of losses in forestry production; 4) the financing of environmental protection measures relating to reproduction of the forest resource potential due to the environmental tax and the rent. There identified main negative factors affecting financial activities of permanent forest users — state forestry enterprises, which include: the lack of a mechanism of rational use of the forest resources export potential caused by the insignificant proportion of products with a high share of added value; a latent character of the mechanism for stimulating deep timber processing; underdeveloped mechanisms of regulating the flow of forest rents from the forestry to the timber processing segment of the forest-based sector. There improved theoretical and methodological approaches to diversification of forms and means of funding the development priorities of the forest-based sector, which involve raising the level of concentration of the investment potential of forestry and timber processing subdivisions of the territorial and forestry complex through forming integrated business associations of the holding and cluster type; separating the timber processing from forestry, which will ensure the equal level of access for timber processing businesses of different forms of ownership to unprocessed timber and will contribute to increasing the level of capitalization of forest and forestry assets; extension of the specification of forestry and forest protection activities, which will improve the efficiency of using the non-resource potential of the forest, logging waste, timber processing wastes and provide an increase in volumes of the funding of forestry production, including those based on public-private partnership agreements.
Authors and Affiliations
Vasyl Golyan, Oleh Holub
Keywords
Related Articles
- EP ID EP133811
- DOI -
- Views 80
- Downloads 0
Improvement of approaches to evaluating the effectiveness of innovation
The paper proposes an improved system of methodological approaches to evaluating the effectiveness of innovation. The approaches proposed by the author involve the use of a sufficient number of indicators that comprehens...
A Study of the Effect of Resource Efficiency on the Economic Development in the Countries that Are Leaders of "Green" Modernization
The United Nations Organization has pointed out the key role of industrialization and a new industrial policy for ensuring structural reorganization and potential economic growth. Measures and incentives for efficient us...
Accounting of Joint Activities without Entity Establishment in the Business Partnership of Companies: Problems and Prospects of Their Solution
The article analyzes the regulatory support organization, accounting and taxation of joint activities in business partnership enterprises in Ukraine. The author recommended to amend the legislation to incorporate joint a...
Forming of the Management Model of the Enterprise Activity Efficiency
In times of economic instability the management of any company always had problems raising its efficiency. Only high efficiency, can provide the company's competitiveness, and therefore their welfare and commercial succe...
Institution of Financial Accounting in the Architecture of Financial and Economic Institutions of the Information Society
The article considers financial accounting as a social institution of the information society represented by the activities on providing information services in the field of finance. Being individual systems, social inst...