STATE AND PERSPECTIVES OF RURAL DEVELOPMENT FINANCING

The rural development financing are in the focus of the article. It was established that the effective economic system, ecological safety and decent social and living conditions are the key goal of rural development financing in the countryside. The internal economic potential of rural areas is a key factor in shaping the system of rural development financing, however, external sources, including funds from centralized monetary funds, are a locomotive capable of accelerating this process. The assessment of the rural development state budget financing, indicates significant gaps in this direction, which are related to the lack of a systematic and complex nature of budget support; lack of transparency in the process of obtaining and using funds; low level of interconnection of state bodies with agrarians, end users of financial resources; insufficient control over the use of budget funds, etc. It was established that state-business partnership based on the mutual responsibility of the parties to take into account the needs and interests of peasants is an additional opportunity in solving economic and socio-environmental problems in the countryside. It is determined that the main investor in agriculture is a large agro-business, therefore the large-scale investment development of small and medium-sized agricultural producers remains an important task. The perspectives of rural development financing are related to the following tasks: the ability of territorial communities to evaluate and effectively use their own financial opportunities for economic and socio-environmental progress; search for alternative sources of funding; transparency in the processes of obtaining and using budget funds; establishing a relationship between government agencies and farmers, end users of financial resources; strengthening control over the use of budget funds; the ability to engage business structures to address urgent economic and socioenvironmental problems in the countryside, etc.