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Research Of Fiscal Policy On Financing Of Small And Medium Enterprises

Posted on:2018-02-11Degree:MasterType:Thesis
Country:ChinaCandidate:F B R HuangFull Text:PDF
GTID:2359330515455658Subject:Public Finance
Abstract/Summary:PDF Full Text Request
Throughout the history of economic development of major countries in the world,Small and medium-sized enterprises(SMEs)play a vital role in which to promote scientific and technological progress,industrial structure optimization and upgrading,as well as driving economic growth.Since the 1990 s,the status of SMEs has become more and more important,and many countries make the development of SMEs as their national development strategy.However,in the process of the development of SMEs,the less-advanced production technology,low operating efficiency,weak ability to resist market risk and other enterprises own shortcomings resulting in SME credit default risk and financing pressure increases,the shortage of funds has become a major obstacle to the development of SMEs.In order to alleviate the financing pressure of SMEs and support their development,the developed countries have carried out much corresponding practical exploration and adopted some fiscal policy suitable for their own national conditions,as to give SMEs direct or indirect financing support,these measures greatly reduce the financing pressure of SMEs,and establish a good foundation for their continued development.At present,China's economy is under the background of the "new normal".Development of the economy lacks the driving force for a long time.And the supply-side reform is the effective solution for China's economic development of lacking driving force.Promoting supply-side reform needs to be done at the corporate level.One key area is to stimulate the development vitality of small and medium-sized enterprises,creating social wealth.In our country,however,financing difficulties for small and medium-sized enterprises is a common problem.For a long period of time,the enterprises have been seriously hindered by this problem.This is also a threshold that China's economic and social development must overcome.Fiscal policy is an important means to solve the financing of small and medium enterprises in China.But there are some drawbacks.Therefore,it is of great practical significance to improving the financing policies of small and medium-sized enterprises in our country.Based on the current economic background of our country,and according to the logic of“theory-status quo-foreign experience-policy suggestions",this paper studies the fiscal policy of SMEs financing in China.The theories the paper uses to analyse the fiscal policy tosupport SMEs financing are the protection theory of the right of the credit holder,the theory of market failure and the theory of externalities.These theories explain the great significance of fiscal policy to supporting SMEs financing.Based on the analysis of the current financing situation of small and medium-sized enterprises,the paper sum up the existing problems of small and medium-sized enterprises financing,such as narrow external financing channels,few long term loans and so on.Combined with the current economic background of China,the paper analyses the necessity of supporting fiscal policy for SMEs financing activities.Taking the problems into consideration,this paper elaborates how to use fiscal expenditure policy,tax policy and other related policies to solve the problems,along with other financial regulations.Then this paper summarizes existing problems of fiscal policy.Finally,this article compares the foreign experiences of the U.S.,Germany,and Japan,which are of great reference to our country.According to the principle of marketization,differentiation,and synergy,the article suggests expanding the scale of the current special funds,improving the fiscal subsidy policy,and encouraging financing innovation,promoting the government procurement policy,etc.These suggestions are aimed at solving financing problems of small and medium-sized enterprises.
Keywords/Search Tags:Small and medium-sized enterprise(SMEs), Fiscal policy, Tax policy, Other related policies
PDF Full Text Request
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