PARTICULARITY IN SECURING FINANCING FOR THE SMALL AND MEDIUM ENTERPRISES IN SERBIA

Abstract

Small and medium-sized enterprises have the potential to be the bearer of regional development and competitiveness in Serbia. To SMEs could play its role as a sustainable development, it is necessary to obtain adequate support from their own local and regional authorities. However, it is still not eliminated many barriers to the rapid development of the sector. This is primarily related to the informal economy, the overall fiscal appropriation, unavailability of public procurement, monopolies, difficult collection of receivables, excessive paperwork and inadequate attitude of the tax administration, complicated and expensive procedures. The aim of this paper is to point out the specific functions and possible ways of financing small and medium-sized enterprises during the crisis and recession.