Prospects For Improving The Public Procurement Sector

Abstract

Further development of the competitive environment by increasing the number of participants in public procurement practices and minimizing the human factor in it, along with enhancing the effectiveness of tenders and competitions and the efficiency of allocated funds, is an important factor in providing the country's population with essential goods (works, services) in a timely manner.This article provides a scientifically-grounded analysis of the prospects for improving the public procurement system. The current state of the public procurement sector, its existing problems and shortcomings are revealed with specific examples. The author has conducted a detailed study of corruption risks arising in the organization and management of procurement processes, factors reducing the effectiveness of procurement, and has also demonstrated their economic consequences. Additionally, the possibilities of increasing efficiency and transparency in the implementation of public procurement through digitalization and the introduction of electronic systems are described. The study extensively utilizes international experience, analyzing reforms in the field of public procurement in advanced foreign countries, and based on the conclusions drawn, develops practical recommendations tailored to national conditions. The authors substantiate the need to improve the legislative framework, strengthen transparency mechanisms, and increase the accountability of organizations and individuals involved in the public procurement process to enhance the effectiveness of the public procurement system. The article presents specific proposals for indicators necessary for assessing the economic efficiency of the public procurement system and their monitoring. Furthermore, it examines the possibilities of reducing costs by accelerating the digitalization of public procurement, improving the quality of management decision-making, and ensuring transparency in procurement processes. This article is intended for researchers in the fields of public administration, economics, finance, and auditing, specialists in government bodies, practitioners, and officials who formulate and implement public procurement policies. The scientific conclusions and practical recommendations presented in it will contribute to organizing a more effective and transparent public procurement system.