FEATURES OF STATE FINANCIAL SUPPORT TO THE SMALL BUSINESS SECTOR IN THE REPUBLIC OF LATVIA

Abstract

The purpose of this study is to identify, study and evaluate the state support measures for small businesses (SMEs) using the example of the Republic of Latvia. The subject of the study is a system of financial regulation and stimulation of the development of small and medium-sized businesses. The object of the research is the system of state financial support for SME, the subject - the possibility of obtaining this financial assistance from government institutions.

The methods of state support are generalized and proposals for improving the methods of support are developed. The practical significance of the research lies in the fact that the study supplements a number of conclusions and practical recommendations in the field of organizational measures for effective financial support and multilateral development of the small and medium business sector in the economy, recognition of the effectiveness of financial support and development of the small business sector as the main goal of the economic policy of the State of Latvia. The practical part of the work can also serve as information material for acquainting and comparing the possibilities of attracting state financing, in comparison with the proposals of Latvian commercial banks and private financial institutions.