Structural fiscal policy increasing the competitiveness and economic efficiency

Abstract

Modern state encourages the diversification of the company tax benefits and fiscal mechanisms encourages entrepreneurial management style. The modern state protects historical core business of the company additional tax incentives. Even the choice of management receives a privileged tax status. Structural fiscal policy specifically supports proprietary activism in the process of privatization of the public sector, accelerating the nominee owners in transforming enterprises and eliminating barriers to investment potential investors. For economies in transition it is extremely important that the government covers the financial gap between managerial risk management and risk-bearing equity in the form of special creation of venture capital funds that are tax covered from the budget registers a function of economic efficiency.

Keywords

• macroeconomics fiscal policy
• privatization
• financial markets
• restructuring the stock market