EFFICIENCY OF BUDGETARY EXPENDITURES TO SUPPORT SMALL AND MEDIUM ENTREPRENEURSHIP: ESSENCE AND COMPONENTS

Abstract

The article examines the problem of the lack of a unified legislative and methodological approach in the Russian Federation to assess the effectiveness of budget expenditures to support small and medium-sized enterprises (SMEs). Based on a comparative analysis of the provisions of the Budget Code of the Russian Federation, foreign models «3Es» («economy — efficiency — effectiveness»), and «IOO» («input — output — outcome»), as well as scientific concepts, terminological fragmentation has been identified and the need for the formation of an integrated conceptual framework has been substantiated. The central result of the research is the development of the author's hierarchical efficiency model, structured at four levels (from cost management to achieving systemic improvement) and including interrelated criteria: cost-effectiveness, efficiency, economic, social and socio-economic efficiency. Within the framework of the model, broad and narrow definitions of the effectiveness of budget expenditures to support SMEs are proposed, as well as the essence of government support is clarified. The practical significance of the work lies in the fact that the proposed conceptual approach serves as a theoretical foundation for the development of unified assessment criteria that take into account not only direct economic results, but also a range of social and multiplier effects, and can be used by authorities to improve budget financing mechanisms.