Open AccessPRACTICE OF APPLICATION OF CONCESSION AGREEMENTS IN RUSSIA: VIOLATIONS IN THE FINANCIAL AND BUDGETARY SPHERE AND THE METHODOLOGY OF FINANCIAL CONTROL
Author(s) -
Natalya Simko
Publication year - 2022
Publication title -
chronos journal
Language(s) - English
Resource type - Journals
ISSN - 2658-7556
DOI - 10.52013/2658-7556-64-2-10
Subject(s) - finance , control (management) , general partnership , public–private partnership , identification (biology) , order (exchange) , business , investment (military) , accounting , attractiveness , state (computer science) , economics , politics , political science , management , law , psychology , botany , algorithm , psychoanalysis , computer science , biology
The purpose of this article is to research and study the practice of directing budget funds in Russia using public-private partnerships, monitoring their spending and identifying violations in the financial and budgetary sphere. Using the empirical method, methods of induction and deduction, the author collected, analyzed and systematized information on the practice of detecting violations by internal state financial control bodies and prosecutor’s offices when budget funds were the source of expenses and a form of public-private partnership with the conclusion of concession agreements was used. The result of the study is the identification of problematic issues and the development of proposals for the introduction of a public-private partnership mechanism in Russia in order to reduce the burden on the budget and increase investment attractiveness. The author came to the conclusion that in Russia it is necessary to expand the practice of applying concession agreements, and therefore it is necessary to minimize the risks of possible adverse events and the likelihood of deviation of the final results from the originally planned when signing and executing the agreement.