Government financial support for businesses in the period of global threats

Abstract

The aim of the article was to analyse the available approaches to the formation and implementation of governmental financial support for enterprises in the period of global threats. The research methodology is based on the identification of key risks and their nature; graphical method of classification of fiscal constraints; construction of scatter diagram; methods of sociological study and comparison of groups; grouping of the main approaches to government policy. The results identified the dependence of fiscal instruments of government support on the possibility of internal indebtedness and external economic problems in middle and low-income countries. The conclusions of the case identified the most effective instruments of government financial policy as a whole and by economic groups of countries and economic sectors. Finally, the need to expand the financial instruments of governmental support of enterprises in view of the consequences of the Russian aggression in Ukraine is emphasized.