COMPARATIVE ANALYSIS OF THE COHESION POLICY FOR THE PERIODS 2007-2013 AND 2014-2020

The present article underlines the idea that tasking projects with economic potential fiscal tools will supply help for investments by the way of lending guarantees, equity and other risk-bearing which includes policy based on guarantees for European Social Funds. Except for the shown advantages of recycle funds over the long-terms, fiscal tools provide mobilization to investment in order to have access to market in line with Europe 2020 and unity priorities. More than that, those tools help a lot of spurs to have a good performance, which includes good fiscal discipline at the level of supported projects. In the view of the fiscal situation and the increasing poorness of social resources, fiscal tools are willing to have stronger role in unity policy within 2014-2020 programming period.