IMPROVING THE INSTRUMENTS OF PUBLIC REGULATION OF ECONOMIC DEVELOPMENT
DOI:
https://doi.org/10.31470/2786-6246-2023-5-121-130Keywords:
public regulation, economic development, economy, state policy, instruments, programsAbstract
The article reveals the key aspects of improving the instruments of public regulation of economic development with a special emphasis on the realities of today. The author establishes that modern public regulation of the economy should be based on appropriate tools, which should include a set of methods, techniques and means of public influence on the economic development of the country, and should be reduced to the methods of direct action by which the State directly intervenes in economic processes. It is determined that effective regulation of economic processes in our country requires the development and implementation of clear, consistent and transparent mechanisms, i.e. a number of effective forms, methods and means of influence. It is noted that public regulation of economic processes is aimed at overcoming problems and creating the most favorable conditions for the functioning of all links of market relations, thereby achieving economic development and growth and the overall competitiveness of the country. It is found that today public authorities are effectively working to preserve the key functions of the country in times of war, which has led to a certain level of economic stability.
The importance of the adoption of the Law of Ukraine "On Amendments to Certain Legislative Acts of Ukraine on Improving Legislation on the Protection of Economic Competition and the Activities of the Antimonopoly Committee of Ukraine" No. 3295-IX dated 09.08.2023, which provides for an increase in the efficiency of the system of development and protection of economic competition, improvement of the national policy in the field of economic competition protection and strengthening of the institutional capacity of the Antimonopoly Committee, is noted. The author analyzes the features of the draft state budget for 2024 and the amount of funding for direct support programs for the Ukrainian economy. It is established that an important tool for public regulation of economic development is to directly ensure the development of Ukrainian engineering. The features of the USAID Competitive Economy of Ukraine Program and its importance in the economic development of Ukraine, the Affordable Loans 5-7-9% program, which has been adapted by the Cabinet of Ministers of Ukraine to new realities, are considered. The author emphasizes the peculiarities and prospects of creating the Ukraine Facility in the amount of EUR 50 billion to support Ukraine in the period of 2024-2027.
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