Abstract
Ukrainian sustainable development envisages the food industry reforming and the formation of amodern structure of the national economy. Regional financial decentralization should help to solve this problem. Fiscal decentralization should optimize the economic interests of agricultural, food businesses, regionsand the state. The analysis of the formation of the modern food industry structure in the conditions of financial decentralization was presented in the works of many scientists: both national and foreign ones. However, so far there is no single correct decision. All this makes the problem of improving the structure of the foodindustry relevant. It has been substantiated that financial decentralization should optimize the economic interests of enterprises, regions and the state. It is impossible to separate the management of the food business and the region. It may be about managing the food business and the region at the same time.For the rapid development of the food industry, only lending under current conditions is not enough,and sometimes impossible. All this involves the creation of a regional food industry support fund that wouldstimulate the production and consumption of environmental products, introduce innovative technologies, helpto reconstruct, modernize and, in some cases, re-profile enterprises, providing them with benefits, subsidies,and subventions.
Highlights
For the rapid development of the food industry, only lending under current conditions is not enough, and sometimes impossible. All this involves the creation of a regional food industry support fund that would stimulate the production and consumption of environmental products, introduce innovative technologies, help to reconstruct, modernize and, in some cases, re-profile enterprises, providing them with benefits, subsidies, and subventions
An effective way of competitive struggle in modern economic conditions is innovative development, which envisages the active introduction of the results of scientific activity into the production and commercial activity of enterprises
At the moment there is a completely different situation: instead of high-tech science-intensive products, domestic exports are mostly represented by semi-finished products of a low level of processing and raw materials, which, in its turn, is the most striking proof of the inappropriate use of natural resources. The solution of these problems will be facilitated by product, technological, managerial, marketing, process innovative, innovative approaches to financial flows management, namely, financial decentralization, which optimizes the economic interests of enterprises
Summary
Ukrainian sustainable development envisages the food industry reforming and the formation of a modern structure of the national economy. Among them: insufficient level of capitalization, high level of dollarization, low level of protection of the rights of creditors, a significant proportion of low-quality assets, low financial literacy of the population, distrust to the banking sector and others [6] All this envisages the creation of a regional food industry support fund (FISF) that would stimulate the production and consumption of environmental products, the introduction of innovative technologies, would help to reconstruct, modernize, and in some cases, re-profile enterprises, providing them with concessions in the form of benefits, subsidies for subventions. For the rapid development of the food industry, only lending under current conditions is not enough, and sometimes impossible All of this involves the creation of a regional food industry support fund that would stimulate the production and consumption of environmental products, introduce innovative technologies, help to reconstruct, modernize and, in some cases, re-profile enterprises, providing them with benefits in the form of concessions, subsidies, and subventions
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