АНАЛІЗ ЗАХОДІВ З ПІДТРИМКИ ЕКОНОМІКИ В УМОВАХ ПАНДЕМІЇ COVID-19

Abstract

The successful functioning of the country's economy is closely linked to the optimal provision of the budget. The effectiveness of the state's economic policy and its impact on economic and financial stability, living standards, etc. depend on this. This issue becomes especially relevant in certain crisis periods, such as 2020 and the COVID-19 pandemic. The aim of the article is to study the state and trends of COVID-19's impact on the economic situation in the world and to determine the social and economic losses that Ukraine suffers from the pandemic of this disease. The article substantiates that the reduction of the state's financial capabilities requires reformatting the state's financial policy instruments in favor of other, less expensive sources of incentives. It has been determined that the vast majority of countries in the world allocate tax incentives as an influential stimulus to economic development. The system of incentive measures to support business in such countries as Germany, Italy, USA has been analyzed. Peculiarities and direction of stimulating measures applied in Ukraine have been determined. It has been concluded that in the context of the "corona crisis" Ukraine has taken steps taken by all civilized countries of the world: it reduces the planned budget revenues and increases spending on countering the pandemic. However, the system of proposed incentives is not enough to support business structures. It has been substantiated that the vast majority of measures are not economic but social. The scientific novelty of the obtained results is to determine the need to use the tools of more active tax and budget policy aimed at thorough support of business structures, in order to reduce the negative impact of the global economic crisis. It has been determined that first of all the support of small business and the self-employed population of Ukraine, as the most vulnerable category of business structures of Ukraine, should be important. Further research will focus on the analysis of the economic consequences of quarantine, economic losses after overcoming coronavirus disease. Key words: economic crisis, coronavirus, COVID-19, budget expenditures, stimulating tax instruments.