FINANCIAL PARTNERSHIP OF THE STATE AND BUSINESS

Abstract

The subject of the study is to highlight the appropriateness of financial cooperation between public authorities and business entities in order to finance projects in social infrastructure and strategically important sectors of the economy. To this end, the peculiarities of the formation and development of financial relations of public-private partnership in the domestic practice have been clarified. The research uses methods of dialectical analysis and synthesis, as well as methods of logical generalization, comparison and formalization. The main factors hindering the effective implementation and development of projects with the participation of the state and business are identified, in particular: the underdeveloped legal framework, the ineffectiveness of competitive selection of programs and projects; distrust of business and people to power; insufficient transparency of project implementation stages; fuzzy distribution of responsibilities and risks of participants. The directions of improvement of financial partnership of the state and business are outlined with the help of creation of favorable legislative, economic and managerial environment for development and implementation of socially important projects.