ECONOMIC PRECONDITIONS FOR FINANCIAL SUPPORT OF STATE NEEDS

ECONOMIC PRECONDITIONS FOR FINANCIAL SUPPORT OF STATE NEEDS

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The formation of the contract system in the Russian Federation aimed mostly at significant improval of the efficiency and effectiveness of budget allocations for government contract payments brought into limelight the importance of the state needs, their place and role in the system of economic relations.The relevance of the topic is determined, firstly, by the lack of theoretical research into the state needs and conceptual approaches to the formation of common understanding of the effectiveness of government contract payments.Secondly, there are gaps in the legislation and law conflicts in respect of the state needs interpretation, animationbengal.com government procurements, and, finally, government contracts.The interrelation between the state needs, procurements and contracts is analyzed.The definitions of the concepts under consideration are suggested; government procurement functions are identified, the main ones being support of the state needs and the regulatory function; the specifics of each function are described.

It is concluded that the effective financial support of the state needs is impossible unless social needs are determined.The conclusions proposed can be used in the implementation of the mid- and long-term budget planning and running the fiscal policy of the Russian Federation.A similar approach will allow a higher effectiveness of using budget funds for government getpureroutine.com contract payments and promotion of needed reforms in the current legislation.