Legal Regulation of the State Procurement System as a Home Economy Enforcement Tool

The article analyzes the legal regulation of the public procurement system and its impact on the domestic economic activity of the country. The article shows the positive impact of effective legal regulation of the public procurement system, justified by the International Organization for Economic Cooperation and Development (OECD), as a real and effective tool for implementing scientific, technical, innovative, and socio-economic development programs of states, ensuring budget savings on a competitive basis for public procurement, as well as minimizing the shortage of certain goods and works (services) and the maintenance of a domestic manufacturer.

Authors

Publication Details

Journal
Financial law
Published
2024-12-12
DOI
https://doi.org/10.18572/1813-1220-2024-12-28-31
Primary Topic
Regional Socio-Economic Development Trends
Type
article
Field-Weighted Citation Impact
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article

Legal Regulation of the State Procurement System as a Home Economy Enforcement Tool

Ekaterina V. Borovik
Financial law
Regional Socio-Economic Development Trends
article

Legal Regulation of the State Procurement System as a Home Economy Enforcement Tool

Ekaterina V. Borovik
article en

Abstract

The article analyzes the legal regulation of the public procurement system and its impact on the domestic economic activity of the country. The article shows the positive impact of effective legal regulation of the public procurement system, justified by the International Organization for Economic Cooperation and Development (OECD), as a real and effective tool for implementing scientific, technical, innovative, and socio-economic development programs of states, ensuring budget savings on a competitive basis for public procurement, as well as minimizing the shortage of certain goods and works (services) and the maintenance of a domestic manufacturer.

Financial law
Openalex Percentile: Top 49%
Regional Socio-Economic Development Trends
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Legal Regulation of the State Procurement System as a Home Economy Enforcement Tool — Ekaterina V. Borovik · Financial law (2024) | TGRS Research Map | TGRS