FINANCING THE COSTS OF FORESTRY PRODUCTION: CURRENT STATUS AND WAYS OF DEVELOPMENT

Main Article Content

M. BOROVSKAYA

Abstract

The article analyzes the state of existing forms of financing of modern forestry, considers the procedure for financing activities for forestry and hunting by forestry institutions. It is emphasized that the existing procedure for financing and spending funds does not provide for the commensuration of rental income from the sale of finished products and the tax value of standing timber, does not determine the content of relations in general between forestry and timber industry. In order to strengthen financing of forestry production and forestry costs, it is proposed to change the institutional structure of functioning and to focus efforts on financing forestry activities in production forestry associations. It is also proposed that payments for forest resources, as the main item of forest income, be determined on the basis of a rent approach, taking into account supply and demand. The proposed measures will allow to strengthen the relationship between the economic interests of the two types of activities within the framework of a single organization and at the same time to strengthen the financial basis for the implementation of the main goal of forestry - to increase the productivity and sustainability of forests as an important structural element of the country's national wealth.

Article Details

How to Cite
BOROVSKAYA, M. (2021). FINANCING THE COSTS OF FORESTRY PRODUCTION: CURRENT STATUS AND WAYS OF DEVELOPMENT. Vestnik of Polotsk State University. Part D. Economic and Legal Sciences, (13), 8-15. https://doi.org/10.52928/2070-1632-2021-58-13-8-15
Section
Экономические науки

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