Housing and Utilities Enterprises Financial Support Formation Instruments

The article notes that, in view of the critical state of the housing and communal services of Ukraine, the financial support' problem of the housing and communal services' modernization has become a priority. In terms of financial decentralization, amount of funding of the housing and communal services from the state budget significantly decreased. It actualized the search of new housing and utilities enterprises financial support formation instruments, which must carry out considering the optimal structure of financial resources. Instruments, that provide an increase in the company's own financial resources, are corporatization, outsourcing, venture financing. Instruments, that provide an increase in the borrowed financial resources, are forfaiting, factoring, credit financing. Public-private partnerships and project financing provide increment of attracted financial resources. Benefits and drawbacks of each instrument have been determined. Нousing and utilities enterprises financial support formation instruments are closely correlated with its forms or sources of funding as directions of resources origin. The ability to combinatorial use of the financial support instruments enables the formation of the effective financial support mechanism by improving the financial resources' mobilization process, which will help solve the problem of shortage.