Фінансово-кредитна діяльність: проблеми теорії та практики (Dec 2017)
FINANCING ACTIONS OFENVIRONMENTAL AND ECONOMIC DEVELOPMENT IN UKRAINE
Abstract
The article provides a comprehensive analysis of the financing actions of ecological and economic development in Ukraine with the identification of the main disadvantages and perspective ways of improvement. The differences between financing environmental protection measures and actions of ecological and economic development are found out. Environmental measures grately involve expenditure of a forced, restrictive nature. Instead, financing actions of environmental and economic development aims at stimulating environmental investment and innovation, which in the long term, usually long–term, can provide them with profits and competitive advantages. The dynamics, directions of expenses on protection and rational use of natural resources in Ukraine are analyzed in the focus of the ratio of current expenditures and capital investments. It was revealed that the main part of expenses was spent on the treatment of reverse water and waste management, on radiation safety, air protection and climate change. A very low share in the structure of the expenses for protection and the rational use of natural resources for the financing of scientific research works of the directions of environmental protection was revealed. The analysis of the dynamics of expenditures on protection and rational use of natural resources for the period of 2006–2016 showed an increase of 3.7 times in terms of current expenditures and a 6.1 times increase in the volume of capital investments in environmental protection. The analysis of the structural trend in the ratio of current costs and capital investments confirmed the reduction of the former, but still prevail over capital investment. The volume of investments in capital reinnovation of the main means of environmental protection was investigated, which showed a reduction of the share of investments at the expense of own funds of enterprises, organizations and institutions. The branch structure of expenditures on protection and rational use of natural resources in Ukraine with a special attention to resource–intensive types of economic activity is disclosed. Excessive differentiation of the capital investments share in the context of various spheres of management was identified. The possibility of financial resources mobilizing due to the targeted support of those areas that are less monopolized, more flexible and innovative and characterized by a positive tendency of capital investment growth for protection and rational use of natural resources is substantiated.
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