Ways to finance the full turnover of capital

The analysis shows that modern lending for the production of expensive products is faced with the problem of implementation, since there are not enough funds in the budget of the end consumer. To continue the process of reproduction, refinancing of the first loan into the second one, which is provided to the end consumer, is required. The author proves that the first credit remains in the sphere of productive consumption even when the second credit replaces it in paying for expensive goods and is returned to the lender of last resort by mutual accounting of debt obligations. When using calculated models of supply and demand within the framework of the input-output balance, the instruments of the central bank for refinancing production credit and consumer credit do not trigger inflationary processes in the economy. Hence, it is concluded that, taking into account all the nuances of a full turnover of capital using central bank bonds to reduce the price of expensive products for the end consumer, a harmonious system of high development rates is created without additional burden on the regional budget.