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Directions and structure of financial support of small and medium business

Abstract

The article discusses the direction and structure of financial support for small and medium-sized businesses in the Republic of Kazakhstan. In general, it can be noted that the financial support of small and medium-sized businesses from the state remains as important and necessary tools that directly affect the growth of the economy and the welfare of Kazakhstanis. Moreover, when developing, coordinating or adjusting state programs, it is proposed to involve more employees of local executive bodies and the general public. After all, they are the ones who better understand the needs of the regions, and they are more interested in solving local issues. In our opinion, along with others, all of the above factors together have led to the ineffectiveness of state support for SMEs in the Republic of Kazakhstan using the example of the Business Road Map 2020 program. Nevertheless, in Kazakhstan an infrastructure of financial support for SMEs has been created, represented by government agencies, a quasi-state sector, development institutions, international banks, investment funds, STB, microfinance organizations. Good results were achieved, for example, from the point of view of development institutions, subjects and instruments of state support for SMEs, created jobs, growth in the share of SMEs in GDP, output, growth in the number of SMEs in the country, tax revenues.It should be noted that, despite the numerous government programs for the development of small and medium-sized businesses that are being developed and adopted by the Government of the Republic of Kazakhstan, the main source of capital, according to small and medium-sized businesses, is still their own resources.

About the Authors

I. A. Imanbay
“Turan” University
Kazakhstan


S. A. Kalenova
“Turan” University
Kazakhstan


I. P. Khominich
Russian Economic University named after G.V. Plekhanov
Kazakhstan


References

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Review

For citations:


Imanbay I.A., Kalenova S.A., Khominich I.P. Directions and structure of financial support of small and medium business. Bulletin of "Turan" University. 2019;(3):206-212. (In Russ.)

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ISSN 1562-2959 (Print)
ISSN 2959-1236 (Online)