OPTIMIZATION OF THE CREDIT RATING INDICATOR SUBSIDIZING PROJECTS OF THE STATE PROGRAM OF DEVELOPMENT OF REGIONAL APK

DOI 10.33938/1910-19

Issue № 10, 2019, article № 3, pages 19-26

Section: Agricultural policy and state regulation of the agro-industrial complex

Language: Russian

Original language title: ОПТИМИЗАЦИЯ КРЕДИТНОГО СУБСИДИРОВАНИЯ ПРОЕКТОВ ПРОГРАММНОГО РАЗВИТИЯ РЕГИОНАЛЬНОГО АПК

Keywords: AGRIBUSINESS, STATE REGULATION, INVESTMENT RENEWAL, LENDING, SUBSIDIES, REVENUES, TAX REVENUES, NEW JOBS

Abstract: Currently, there is a growing need for further improvement of provisions of the methodology of justification, and for practice of methodological support of the process of credit regulation of investment activity with the participation of the state. The state is called upon to intensify regional investment opportunities through the improvement of credit instruments to ensure the growth of attractiveness for investment activities. The practice of implementation of these copyright developments will contribute to the economic growth of the regional agricultural economy, as well as create new jobs. The purpose of the scientific solution was the need to prepare a methodology for improving the quality of credit collateral aimed at the final result, which, in practice, is in demand. The research methodology is based on scientific statements formulated by domestic and foreign researchers. The informational base of the study includes reference books, standards, regulations, periodical publications, Internet information, logic, and calculations of the authors. Abstract, monographic, comparative, computational, economic, graphic methods, and econometric modeling were used in the study. Agricultural practice requires a higher level of state support for the process of investment renewal and development of agro-industrial production, especially in the practice of attracting long-term credit resources. In these conditions, the search for the optimal level of state subsidies of the refinancing rate, in order to maximize the return on investment in support of agricultural producers of budgetary funds, is a very urgent task. Calculations, based on our recommended methodology, have shown that compensation by the state of the Bank credit rate at the level of 8.2‰ (even at today's refinancing rate of 7.0‰) in current market situation is the most profitable support option, as it provides an optimal ratio of tax revenues (tax burden), high investment activity, and the benefits of doing agricultural business.

Authors: Smirnov Vitalii Valerevich