THE BEST FOREIGN PRACTICES OF STATE FINANCIAL INCENTIVES FOR THE DEVELOPMENT OF THE CHEMICAL COMPLEX

Abstract

This article considers the task of reviewing foreign practices on financial stimulation of chemical complex development. The market drivers that allow leading countries in the chemical industry to maintain their positions in the global market are identified. Special attention is paid to such instruments as R&D and preferences related to its application. In turn, state support plays an important role in the development of the industry, as its implementation is used various measures, which can include subsidies, tax incentives, providing stable conditions for economic activity, granting soft loans and credits. These support measures are aimed at financing certain types of expenditures of chemical enterprises, which allows them to allocate their own funds for financial support of other necessary costs.