GNOSEOLOGY OF DEVELOPMENT OF FINANCIAL MECHANISM OF STATE-PRIVATE PARTNERSHIP IN UKRAINE

Abstract

The periods of formation of the financial mechanism of public-private partnership in Ukraine have been allocated. The features and main obstacles for successful functioning of the mentioned mechanism at each stage of its development have been singled out. The first stage (1991-1992) is connected with the formation of the institutional environment, namely, the beginnings of private entrepreneurship, expansion of cooperation between the state and business in the field of economy. The second stage (1993-1999) was characterized by an active transformation of the economy, in which different approaches to the implementation of economic policy of the state were developed, they searched for new forms and methods of interaction between business and government. The main content of the third phase (2000-2008) was to strengthen the role of the state in regulating the country's social and economic processes, resulting in new instruments in the structure of the financial mechanism of public-private partnership in solving strategic tasks of modernizing and diversifying the country's economy. The fourth stage (2009-2014) is connected with the global economic crisis, which caused the problems of extensive development of the domestic economy, which led to a negative dynamics of the main indicators of socio-economic development of the state, including the closing down of many projects of public-private partnership. The fifth stage (2015 - till now) is a period of modern development of the financial mechanism of public-private partnership, which is aimed at the development of industry, modernization, transfer of new, innovative technologies. The emphasis is placed on the fact that the modern financial mechanism of the PPP is aimed at intensifying investment activity in the country's economy and creating opportunities for achieving maximum profitability of project implementation for private partners. At the same time, the necessity to improve its functioning in the context of solving problems related to the imperfect legislative base, limited use of partnership projects in the spheres of socioeconomic sphere, availability of various types of risks, lack of specialized mechanism of control of the mechanism, financial and economic instability in the country is substantiated. It is substantiated that these problems should be solved purposefully with the active participation of state and local authorities, which should create the necessary conditions for the functioning of the financial mechanism of public-private partnership.