Abstract
Decentralization of the budget system requires the introduction of innovative financial technologies to attract investment resources in the development of rural infrastructure, which determines the relevance of the chosen research topic. The necessity of adaptation of institutional changes of decentralization of the budget system to decentralization of management and performance of the transferred functions to local bodies of newly created communities is substantiated. The article reveals the institutional problems of the functioning of the new financial mechanism for attracting private funds to build the social economy of rural areas on the basis of partnership between the state and business. It is shown that their solution is especially relevant for rural areas, as the process of decentralization changes the conditions of management and the owner of local natural resources. It is proved that the perfection of the institutional order of the investment process significantly affects the effectiveness of new financial mechanisms of partnership between the state and business on a market basis, changes the philosophy of capital management of financial institutions and creates incentives for business development. Capitalization of natural resource potential on the basis of state-business partnership remains an important problem for rural areas. The author’s vision of solving these problems is proposed, which will contribute to the accelerated development of territories and the possibility of attracting private capital on the basis of partnership. The experience of foreign countries in assisting the state in solving similar problems of territorial development, differences in approaches and the purpose of this partnership in the combination of financial resources of socialization of rural areas to their socialization are shown. The practical content is determined by the fact that theoretical and methodological provisions, conclusions and scientific and practical recommendations are the scientific basis for developing a new holistic concept for the development of national investment policy in rural areas of Ukraine on the basis of state-business partnership.
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