A. Hrechko. Influence of physical stimulations on sustainable development of regions.

Abstract

As a result of the study, it was found that fiscal policy is a complex system of interconnections between the state and other subjects of market relations, which is a constant search for a balance of interests. The economically weighted use of fiscal instruments allows us to minimize the use of direct regulatory methods by the government. It is revealed that modern fiscal policy is aimed at fiscal decentralization, focused on the formation of a favorable institutional environment for the functioning of economic entities of the regions and based on a system of economic incentives and motives. It is determined that fiscal stimulation includes a wide range of means, the application of which is determined, first of all, by the object of stimulation, the legal form of organization and legal status of the taxpayer, the type of activity, the regional feature and social value. It is substantiated that one of the basic directions in which fiscal stimulus effectively implemented approaches are innovative policy, aimed at forming and achieving prerequisites for sustainable development of regions. The directions of innovation activity fiscal stimulation in the regions are proposed. It is revealed that in the conditions of globalization of economic ties, there is a concentrated localization of innovation and production potential within the framework of regional business clusters. It is proved that the introduction of fiscal stimulus requires a thorough cost analysis to be applied at the expense of determining: the alternative value of fiscal incentives; the size of unsatisfactory budget resources as a result of the introduction of incentive measures; the cost of administering fiscal incentives, etc.