Subject. The article discusses the financial aid the State provides to business during the COVID-19 crisis. Objectives. We analyze the financial aid the State provides to the Russian businesses as a single model, considering the national specifics. Methods. The study involves methods of analysis and synthesis, comparative analysis, generalization, etc. The study is based on factual and official data for H1 2020. Results. There is a national model of the financial aid the State provides to businesses in Russia, which is intended to temporarily provide businesses with funds in force majeure and ensure their uninterrupted operation, protect small and medium-sized business and market competition. We analyze key tools of the State support and substantiate our suggestions how it should be maintained for certain types and areas of business in the post-crisis period. Conclusions and Relevance. The current situation with COVID-19 made the State organize business support, provide businesses with financial resources on certain terms or use business protection tools.
Keywords: COVID-19 crisis, government financial support, budgetary subsidies, government guarantees, tax incentives
References:
Polbin A.V., Sinel'nikov-Murylev S.G., Trunin P.V. [The economic crisis of 2020: Reasons, policies to deal with and further development of the Russian economy]. Voprosy Ekonomiki, 2020, no. 6, pp. 5–21. (In Russ.) URL: Link
Grigor'ev L.M., Pavlyushina V.A., Muzychenko E.E. [The fall into 2020 recession…]. Voprosy ekonomiki =Voprosy Ekonomiki, 2020, no. 5, pp. 5–24. (In Russ.) URL: Link
Zvonova E.A. [Transformation of the world economy and the pandemic]. Ekonomika. Nalogi. Pravo = Economics, Taxes and Law, 2020, vol. 13, no. 4, pp. 6–20. URL: Link (In Russ.)
Portanskii A.P., Sudakova Yu.M. [Assumptions of the Global Economic Crisis and Its Inception in the Spring of 2020 due to the COVID-19 Pandemic]. Vestnik mezhdunarodnykh organizatsii: obrazovanie, nauka, novaya ekonomika = International Organisations Research Journal, 2020, vol. 15, no. 2, pp. 191–212.(In Russ.) URL: Link
Kvashnina I.A. [the impact of the COVID–19 pandemic on the global economy and foreign direct investment flows]. Vestnik Instituta ekonomiki Rossiiskoi akademii nauk = Bulletin of Institute of Economics of the Russian Academy of Sciences, 2020, no. 24, pp. 166–178. URL: Link (In Russ.)
Zhukov P.E., Rasulova G.M. [The problems of attracting foreign direct investment to Russia at the present stage]. Vestnik evraziiskoi nauki = Eurasian Scientific Journal, 2020, vol. 12, no. 4. URL: Link (In Russ.)
Moiseev S.R. [Hype around (non)monetary (non)theory]. Voprosy Ekonomiki, 2019, no. 9, pp. 112–122. (In Russ.) URL: Link
Stiglitz J.E., Rosengard J.K. Economics of the Public Sector. New York, W.W. Norton & Company, 2015.
Bobyleva A.Z., An'shin V.M., Ptitsyn A.V. [New Challenges: Comparative Analysis of International Reactive Anti-Crisis Measures in Response to COVID-19]. Gosudarstvennoe upravlenie. Elektronnyi vestnik, 2020, no. 81. (In Russ.) URL: Link
Vertakova Yu.V., Feoktistova T.V. [Implementation of Anti-Crisis Measures for the Population and Business in the Context of the COVID-19 Pandemic]. Ekonomika i upravlenie = Economics and Management, 2020, vol. 26, no. 5, pp. 444–454. (In Russ.) URL: Link
Belev S.G., Vedev A.L., Drobyshevskii S.A. et al. [Scenario Forecast of the Main Parameters of Macroeconomic Development and the Budget Sphere of Russia for 2020–2022] Ekonomicheskoe razvitie Rossii = Russian Economic Developments, 2020, vol. 27, no. 7, pp. 4–24. URL: Link (In Russ.)
Grishin V.I., Domashchenko D.V., Konstantinova L.V. et al. [Life after the Pandemic: Economic and Social Consequences]. Vestnik Rossiiskogo ekonomicheskogo universiteta imeni G.V. Plekhanova = Vestnik of Plekhanov Russian University of Economics, 2020, no. 3, pp. 5–18. (In Russ.) URL: Link
Kolodko G.V. [Economics and politics of the post-pandemic world]. Voprosy Ekonomiki, 2020, no. 5, pp. 25–44. (In Russ.) URL: Link
Repin A.E. [Prospects for restoring economic growth against the backdrop of the coronavirus pandemic]. Finansovye rynki i banki = Financial Markets and Banks, 2020, no. 3, pp. 35–40. URL: Link (In Russ.)
Kiseleva T.Yu. [Analyzing the formation and use of financial resources of non-profit organizations in the current circumstances]. Finansovaya analitika: problemy i resheniya = Financial Analytics: Science and Experience, 2016, no. 2, pp. 43–55. URL: Link (In Russ.)
Sanginova L., Tkhamadokova I., Yandarbayeva L. et al. State Guarantees as the Debt Obligation Type: Theoretical Aspects, Modern Practice and the Development Prospects in the Russian Federation. Amazonia Investiga, 2019, vol. 8, no. 22, pp. 163–172. URL: Link
Shchurina S.V. [Sustainable Development of Russian Business in the Context of Modern Global Processes]. Ekonomika. Nalogi. Pravo = Economics, Taxes and Law, 2020, no. 4, pp. 99–109. URL: Link (In Russ.)
Dolgova M.V., Grishin V.I., Grishina O.A. et al. [The virus will not bypass the federal budget: losses of revenues are inevitable]. Vestnik Instituta ekonomiki Rossiiskoi akademii nauk = Bulletin of Institute of Economics of the Russian Academy of Sciences, 2020, no. 3, pp. 40–59. URL: Link (In Russ.)
Levshukova O.A., Matveev A.S., Pozoyan D.P. [Possible consequences of the COVID-19 pandemic on the development of the Russian economy]. Estestvenno-gumanitarnye issledovaniya = Natural Humanitarian Studies, 2020, no. 3, pp. 191–194. URL: Link (In Russ.)
