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Home 32. April 2020 Directions for improving the financial and budgetary mechanism in the formation of large agricultural enterprises

Directions for improving the financial and budgetary mechanism in the formation of large agricultural enterprises

Tahmasib Huseynov Faiq, Doctor of Philosophy in Economics
tahmasib.huseynov@unec.edu.az

26017 ­ ­ EN ­ ­ 32. April 2020 ­ ­­ ­ Agricultural enterprises finance-budget agriculture financial mechanism competition

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In contemporary conditions continuous changes in the economic conjuncture is a characteristic feature of the economic system. The article analyzes connection of the financial and budgeting mechanism in the formation of large agricultural enterprises directly from the economic potential of the state. In world practice, it is characteristic the wider use of financial and budgetary mechanisms to support the formation of large farms. The economic mechanism as a whole promotes the formation of an efficient economy in agriculture and an increase in the profitability of agricultural producers. Development of the financial and budgetary mechanism for the formation of large agricultural enterprises primarily serves to increasing the profitability of agricultural production, and in the article is analyzed the formation of large agricultural corporations with the accent on the selection of priority areas and financing measures, improving financial-budgetary mechanisms in this framework. The measures aimed at improving and stimulating the financial and budgetary mechanisms of agricultural enterprises were classified with appropriate proposals.

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AUTHORS

 

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Vusala. Babayeva

Doctor of Science Program of Agricultural Economics Research Center

  Doctor of Philosophy in Economics  

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Savalan. Seyfaddinov

Senior researcher at the Scientific Research Institute of Agriculture Ministry of Agriculture of the Republic of Azerbaijan

  Ph.D. in Agrarian Sciences  

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Elnur. Alakbarov

Dissertant of the Agricultural Economics Research Center

   

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Elchin. Salahov

Azerbaijan State Agricultural University

  Doctor of Philosophy in Economics  

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Zaur. Asadov

Azerbaijan State Oil and Industrial University

  Doctor of Philosophy in Economics  

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Anar. Abbasov

Azerbaijan University of Cooperation

  prof, dr  

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Konul. Mamedova

Ph.D. student of the Agricultural Economics Research Center

   

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Khaliq. Ghafarli

Ph.D. student of the Agricultural Research Center

   

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Irada. Huseynova

Vice-president of Azerbaijan National Academy of Sciences Director of the Institute of Molecular Biology and Biotechnology, ANAS

  academician  

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Sabuhi. Eldarov

Research Institute of Plant Protection and Technical Plants

   

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Israfil. Ismayilov

Member of the Russian Academy of Natural Sciences

  Prof. Dr.  

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Fuad. Rzayev

Ph.D. student of the Azerbaijan Technical University

   

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Gulsum. Badirzade

Ph.D. student of the Azerbaijan Cooperation University

   

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Lotanna. Emediegwu

Department of Economics, The University of Manchester, UK | Department of Agricultural Economics, University of Ilorin, Nigeria | Department of Economics, Policy and International Business, Manchester Metropolitan University, UK

   

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Zakir. Guliyev

Baku Business University

  Doctor of Philosophy in Economics  

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Saadat. Guliyeva

Azerbaijan Academy of Labor and Social Relations

  Doctor of Philosophy in Economics