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Financial Corrections on Public Procurement as a Corrective Mechanism for Protection of Public Budget Expenditure

Author

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  • Stanislava Tsvetkova

    (University of National and World Economy, Sofia, Bulgaria)

Abstract

The article aims to analyze financial corrections in public procurement as one of the main corrective mechanisms for protection of public budget expenditures. To achieve this goal, three tasks have been performed: 1) Preventive and corrective mechanisms for protection of public expenditures are presented; 2) The organization of the control mechanisms regarding the public procurements and the imposition of financial corrections in Bulgaria is revealed and 3) the contribution of two international organizations to the topic is outlined - the Organization for Economic Cooperation and Development and the World Bank. The research methods used are historical-logical analysis and content analysis. The result of the research is a critical analysis and summary, which complement the Bulgarian analytical literature in the field.

Suggested Citation

  • Stanislava Tsvetkova, 2021. "Financial Corrections on Public Procurement as a Corrective Mechanism for Protection of Public Budget Expenditure," Nauchni trudove, University of National and World Economy, Sofia, Bulgaria, issue 5, pages 121–137-1, December.
  • Handle: RePEc:nwe:natrud:y:2021:i:5:p:121-137
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    File URL: http://unwe-research-papers.org/bg/journalissues/article/10447
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    More about this item

    Keywords

    financial corrections; public procurement;

    JEL classification:

    • H57 - Public Economics - - National Government Expenditures and Related Policies - - - Procurement
    • F15 - International Economics - - Trade - - - Economic Integration
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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