FINANCIAL SUPPORT FOR THE DEVELOPMENT OF THE REGIONAL AGRO-INDUSTRIAL COMPLEX
Efficiency of state financial support of agro-industrial complex in the Republic of Buryatia is revealed. The subject of the study is the activity of state executive authorities to provide financial support to agricultural producers. Objectives of the study: analysis of state support programs of the regional agro-industrial complex; assessment of the main objectives of state support programs of the agro-industrial complex of the Republic of Buryatia. The general scientific and special methods were applied: comparison, analysis, synthesis, systematization and generalization of the results. The main directions of state financial support of the regional agro-industrial complex, implemented through the state target program, were considered. The indicators to assess the efficiency of state financial support of the agro-industrial complex of the Republic of Buryatia were defined. The following ways to improve financial support of sustainable development of the agro-industrial complex of the Republic were allocated: improve normative-legal base for the development of villages at Federal, regional and local levels. The assessment of target indicators of the state program shows the average efficiency of its implementation, in some periods the indicators of growth of agricultural products are not fulfilled, i.e. the main goal of the state program is not achieved. The analysis showed the need to review the mechanisms used in the state program, and reduce the cost of managing it.
Keywords: financial support, agro-industrial complex, regional development.
Highlights:
the main directions of the state financial support of the regional agro-industrial complex, carried out through the state target program, were considered;
the indicators to assess the efficiency of the state financial support of the agro-industrial complex of the Republic of Buryatia were defined;
the ways to improve financial support of steady development of the agro-industrial complex of the Republic of Buryatia were identified.
Vladimir I. Timofeev, Candidate of Economics, Associate Professor of the Buryat State Academy of Agriculture, Ulan-Ude.