FORMATION OF A MECHANISM FOR THE DEVELOPMENT OF THE AGRARIAN ECONOMY AND INCREASING EMPLOYMENT OF THE POPULATION OF THE REPUBLIC OF SOUTH OSSETIA

Issue № 9, 2023, article № 14, pages 137-144

Language: Russian

Original language title: ЭКОНОМИЧЕСКИЙ МЕХАНИЗМ РАЗВИТИЯ АГРАРНОЙ ЭКОНОМИКИ РЕСПУБЛИКИ ЮЖНАЯ ОСЕТИЯ

Keywords: ECONOMIC MECHANISM, FINANCIAL INSTRUMENTS, INVESTMENTS, STRATEGY, AGRICULTURAL ECONOMY, AGRICULTURAL PRODUCERS, STATE PROGRAM

Abstract: The article discusses the issues of formation and improvement of the economic mechanism for the development of the agrarian economy of the Republic of South Ossetia, taking into account the challenges and possible threats caused, among other things, by the growth of geopolitical instability in the world. Based on the analysis of the use of individual elements of the economic mechanism, it is concluded that they are insufficient to solve the problem of putting the republic's agriculture on a growth trajectory and solving the problem of food supply to the population of the region. Special emphasis is placed on the analysis of the institute of financing and subsidizing part of the interest rates on loans and loans to agricultural producers of the Republic of South Ossetia. It is noted that the applied mechanism of subsidizing agricultural producers requires improvement in terms of constantly ensuring the inflow of the resource base to increase the possibility of stable functioning. A provision is put forward on the need for the formation and development of an economic mechanism for the development of the agricultural sector, the food and processing industry and increasing employment of the population of the republic on the basis of the concept of supply economy. It is proposed to use the system of tax regulation for the distribution and redistribution of funds accumulated in the budget of the Republic of South Ossetia for the needs of replenishing the institute of subsidizing part of interest rates to commodity producers of various forms of management. A potential source of replenishment of the institute of subsidies may be funds from taxes on goods imported into the territory of the republic, both non-food and food, including those coming from Russia. It is noted that it is important to regulate the application of customs tariffs on imported goods in order to change the balance between imported food and products that can be produced on the territory of the region itself, based on scientifically sound agricultural development programs, including optimal production placement

Authors: Kulov Aslan Rostislavovich