FEATURES OF FINANCIAL PROVISION OF REPRODUCTION OF FIXED ASSETS AT AN ENTERPRISE IN ACCORDANCE WITH THE ECONOMIC CONDITIONS OF THE ECONOMY

Abstract

The article is devoted to the study of the features of financial support for the reproduction of fixed assets of enterprises in modern economic conditions of Ukraine. The influence of macroeconomic trends, government policy, and financial market development on the formation of financing sources and mechanisms is examined. Key features of this process are identified, including the role of depreciation, profit, credit resources, leasing, investments, and government support. The influence of macroeconomic trends, such as inflation, exchange rate instability, low liquidity of the stock market, as well as state policy on the formation of sources and mechanisms of financing is considered. The importance of depreciation deductions as the main source of simple reproduction of fixed assets is specified and their role in ensuring expanded reproduction at the expense of scientific and technological progress is determined. Special attention is paid to the influence of the economic crisis and military actions, which significantly complicate the process of restoration of fixed assets due to high financial risks and reduced access to investments. The role of the main financial instruments in the financial market, their varieties as on the monetary, investment and securities markets is considered. The possibility of attracting external sources of financing, such as bank loans, leasing, state subsidies, international grants and foreign investments is analyzed. The importance of cooperation with international organizations for financing energy-efficient projects is highlighted, as well as the role of modern financial instruments, such as crowdfunding and "green" bonds. The article proposes directions for improving the financial support for the reproduction of fixed assets, including the reform of depreciation policy, optimization of credit costs, development of public-private partnerships and activation of the stock market. It is concluded that an adaptive approach to financing, which combines traditional and innovative methods, will help ensure the stable development of enterprises even in difficult economic conditions.