“…Therefore, analyzing fiscal risks in the system of budgetary regulation of development of SMEs, it becomes clear that ensuring their sustainable growth depends, to a considerable extent, on the formation of weighted and efficient state policy for the modernization of state finances. For this very reason, the main promising directions of development of SMEs are based on the formation and implementation of tasks for declining in the impact of fiscal risks on state finances as a resource of stabilization and development of the business environment, namely [3]: optimization of tools of budgetary regulation of development of entrepreneurship, in general, and its neo-orthodox segments, in particular; expansion of access to financial resources, introduction of mechanisms of budgetary support by the bodies of local self-government; ensuring transparent access to public procurement as an institution of state investment in SME development; improvement of access to the international technology transfer process; ensuring budgetary support for innovative development of SMEs; optimization of fiscal and administrative burden on SMEs; organization of the provision of free consulting services for SMEs on regulatory support for entering to a foreign market, raising international technical assistance funds, participation in national and local incentive programs; implementation of measures for encountering and fighting against corruption in state and local authorities; creation of favorable conditions for development of modern innovative infrastructure; ensuring protection of national and local (at a level of a specific territorial community) interests in the international market; SME bankruptcy and solvency restoration procedure improvement; formation of preconditions for development of entrepreneurial and business culture.…”