Financial Instruments for Reproduction of the Real Sector of the Economy

Abstract

Implementing the strategic objective of the breakthrough development of Russia is impossible without a combination of market and state regulation mechanisms. Full relevance of the latter is growing due to the increased dependence of national economies on the contradictory nature of the market economy in the context of the world economy’s globalization. First of all, it concerns the impact of fiscal and tax policies on the reproduction processes in the real sector of the economy in the context of new realities. An important issue is the development of theoretical provisions on the use of fiscal instruments of state regulation of expanded reproduction in the real sector of the economy, serving as the basis for the industrialization of the national economy. The authors state that reconsideration of fiscal instruments for the state regulation of the reproduction of enterprise capital is needed. The scientific novelty of the study lies in the theoretical justification of the methods of financial support for the reproduction of capital of enterprises using the fiscal instruments to stimulate innovative entrepreneurship in the context of globalization of the world economy. The shift in emphasis of state regulation of reproduction processes towards fiscal policy makes it possible to differentiate the instruments used, depending on the degree of their influence on the processes in the real sector of the national economy.