FINANCIAL INSTRUMENTS FOR STIMULATING ENTREPRENEURIAL ACTIVITY IN TOURISM

Abstract

The formation of a stable economic situation largely depends on the pace of development of entrepreneurship in the country. One of the most promising industries for doing business in Kazakhstan is the tourism industry. The tourism business is one of the largest and fastest growing economic sectors in the world. Tourism is one of the leading sectors of the economy in many countries. Among them are Turkey, Greece, Egypt, Spain, France, India, Malaysia, Thailand, UAE, etc. The positive experience of developing the tourism industry through state support in these countries can be applied in our country.

The tourism industry has a significant role to play in improving the socio-economic well-being of the country and its regions: replenishing the state budget, GDP growth, creating new jobs, reducing unemployment, preserving history and culture, reviving traditional crafts, etc.

However, the number of tourist arrivals in the country is still characterized by low rates of development. The reasons for such indicators still remain: the underdevelopment of tourism infrastructure and the low quality of service. These problems determined the need to consider the issues of stimulating the activities of entrepreneurs in the tourism sector through the formation of favorable economic conditions.

The aim of the study is to study foreign experience in terms of stimulating entrepreneurial activity through financial instruments and adapting them to domestic conditions.

The study is based on the methods of theoretical analysis and synthesis, comparison, generalization and study of foreign experience.

As a result of the study, a number of financial and economic measures were proposed to stimulate entrepreneurial activity in the tourism sector.