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Management of the public financial politics for stimulating the small and middle business


Author: Daniela Dascaliuc
Degree:doctor of economics
Speciality: 08.00.05 - Economy and Management (in branch)
Year:2009
Scientific adviser: Oleg Stratulat
doctor, Free International University of Moldova
Institution:
Scientific council:

Status

The thesis was presented on the 27 March, 2009
Approved by NCAA on the 1 October, 2009

Abstract

Adobe PDF document – 1.58 Mb / in romanian

Keywords

financial politics for stimulating, fiscal politics, monetary politics, budgetary politics, small and middle business, small and middle enterprises, enterprise, stimulatory fiscal mechanism, financing of the non repaid budgeting, budget crediting, monetary stimulating methods

Summary

At present, the development of the small and middle enterprises confronts a lot of difficulties that need to be solved.

This thesis is directed towards researching the theoretical aspects of public politics and their management; defining of the essence of public financial politics for stimulating the small and middle businesses, researching of different methods; financial forms and mechanisms for stimulating the small and middle enterprises; generalization of the international experience referring to the management of public financial politics for stimulating the small and middle enterprises; the analysis of the financial politics promoted by the public administration of the Republic of Moldova at different stages of economic transition; outlining of the system of public financial politics for stimulating the small and middle enterprises, argumentation of subsidizing of small business; designation of the monetary politics of the business medium in general and the small and middle enterprises, in particular; improving of the management through combining in a single network the monetary-creditor and fiscal-budget politics directed towards effectiveness of the small and middle enterprises.

The work approaches the theoretic and practical aspects of the public politics for stimulating the sector of small and middle enterprises, the comparative analyses of the evolution of this sector in the economically developed countries and in the transition ones including the Republic of Moldova, assessing of the effects of the national public policy upon development of the autochthonous small and middle business, the integral approach of the system of public policies and their management; the essence and mechanism of the fiscal politics; financing of the non repaid budgeting, budget crediting, capitalization of the international financial and monetary-creditor support for promoting of the economic activity, critical analyzing of the respective actions in the Republic of Moldova though the prism of the effective criteria accepted in the international practice; funding of a number of fiscal policies regarding the decreasing of the profit taxes, the budget politics referring to subventions and aids, of monetary politics in the contents of forming the favorable economic media for business; argumentation of the proposal for improving the management of the recommended financial politics.

As a result of the researches it was found that the theoretical approaches of the public financial politics, in the specialty literature, are evasive, the international experience for promoting the public policies is rather big, but the positive practices aren’t enough adapted for the Republic of Moldova.

Stimulation of the development of the sector of small and middle enterprises from the public administration is not sufficient, and the politics are strayed, promoted from case to case and their reforming in the Republic of the Moldova is an imperative.

As a result of investigation the author recommends to treat the public financial policies as an activity promoted by the public authorities within their management efficiency and suggests a net of public financial policies, which include decreasing of the taxes share, extension of fiscal creditar terms, increasing of the facilities and stimulants volumes, increasing of the public purchases, increasing of the volume of budget loans and of public investments, decreasing gradually the installment interest and the stability of the currency.

It is also suggested to quality the institutional staff and to improve the legal staff of the public financial politics for stimulating the sector of small and middle enterprises.