КОНЦЕПЦІЯ ФОРМУВАННЯ ДЕРЖАВНОЇ ФІНАНСОВО-КРЕДИТНОЇ ПОЛІТИКИ В ІНВЕСТИЦІЙНІЙ СФЕРІ
THE CONCEPT OF STATE FINANCIAL AND CREDIT POLICY FORMING IN INVESTMENT SPHERE

Summary/Abstract: Introduction. The unfavourable macroeconomic situation in Ukraine that has resulted in a decline of investment activity causes an immediate need for establishing an efficient state financial & credit policy the impact vectors of which should be directed to the expansion of business entities’ financial potential for the purpose of making capital investment in modernization of the economy that has been also destroyed by events in the east of the country. Purpose of the article is at grounding the conceptual principles of forming the integrated state financial & credit policy in the investment sphere capable of stimulating investment activities of economic entities under crisis conditions. Methods. The research is based on methodology of complex systems and dialectics of the modern world integrity and contradictions. General scientific and specific cognition methods have been used. Among them are: systematic approach, dialectical method, scientific methods of abstraction, analysis and synthesis, logical method, qualitative and quantitative analysis methods. Results. The real sector of Ukrainian economy will gain the greatest effect only in case if the state builds an integrated coordinated financial & credit policy able to stimulate the investment activities of all economic entities in different sectors, industries and regions. The author proposes to approve the Concept of state financial & credit policy in the investment sphere which is methodologically based on the synergy of relationship and contradictions between finance and investment. The Concept’s mission is to form the financial & credit mechanism able to provide the growth of capital investments in the real economic sector, and it’s goal consists in creating favorable conditions for financial and credit support of economic entities’ investment activity at the micro- and macrolevel as it is a prerequisite for raising competitiveness of Ukraine’ economy and its integration into the global economic space. Conclusion. In order to improve financial and credit support of economic entities’ investment activity it has been proposed to approve the Concept of forming an integrated state financial & credit policy in the investment sphere which should be aimed at providing the growth of capital investments in the real economic sector. The expected results of such a policy should be: raise of the volume and efficiency of budget investment; expansion of financial potential for enterprises’ investment activity; stimulation of institutional investors’ activity, as well as expansion of financial institutions’ financial and credit potential.

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