Public financing instruments for industrial development
Keywords:
economic function of the state, public financing, instruments, industrial development, technological sovereigntyAbstract
The article deals with the economic role of the state in the formation of financial and investment resources in the economy and ensuring industrial development. An overview of the current state of the tools and principles of state financial regulation of economic processes including from the perspective of the implementation of private initiative, initially initiated by government measures is provided. An analysis of the practical application of government financing instruments and their use for the purpose of technological modernization of the industrial sector has been carried out. It is substantiated that in the modern economy the state acts as a regulator and investor in the process of meeting the needs of the economy for financial resources, which is of key importance for the development of industry as a strategic priority.
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