Open AccessThe Current State and Prospects for the Development of State-Owned Enterprises in the Geological Exploration Industry
Author(s) -
I. Buleev,
D. Ziuz
Publication year - 2021
Publication title -
vìsnik akademìï ekonomìčnih nauk ukraïni
Language(s) - English
Resource type - Journals
ISSN - 1729-7206
DOI - 10.37405/1729-7206.2021.2(41).50-57
Subject(s) - arrears , business , state (computer science) , profit (economics) , industrial organization , state owned , context (archaeology) , debt , government (linguistics) , economic system , economics , finance , market economy , computer science , microeconomics , paleontology , linguistics , philosophy , algorithm , biology
The current state of functioning of state-owned enterprises in the exploration industry was analyzed in the context of their ability to perform new prospecting and exploration works and revaluation of existing promising objects, in particular, it was found that some enterprises have wage arrears, as well as significant tax debt; overloaded with the depreciated and obsolete property; the volumes of deductions of a part of net profit to the state budget do not allow the timely renewal of fixed assets of production, and also do not contribute to the entrepreneurial initiative. Analyzed the regulatory documents in terms of government funding for the development of the mineral resource base. Taking into account the trends and the current state of enterprises, a forecast for their functioning in the near future is given. It is noted that the structural-sectoral and state policy as a whole is unsystematic, illogical, and devoid of strategic planning. Proposals are given that should contribute to the development of state-owned enterprises in the geological exploration industry.