The Impact Of Public Procurement Law To The System Of Public Finance

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989592%3A15210%2F19%3A73594579" target="_blank" >RIV/61989592:15210/19:73594579 - isvavai.cz</a>

Result on the web

<a href="https://obd.upol.cz/id_publ/333174465" target="_blank" >https://obd.upol.cz/id_publ/333174465</a>

DOI - Digital Object Identifier

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Result language

angličtina

Original language name

The Impact Of Public Procurement Law To The System Of Public Finance

Original language description

Public procurement law lays out the processes and procedures that public agencies, authorities, or departments should follow when procuring work or service using public funds. The law stipulates the threshold at which public entities should use public procurement instead of private procurement. Effectively, public agencies spend a considerable amount of government revenue on public services. However, controversy exists on the relationship between government spending and private sector investment. It also remains unclear as to whether public procurement law improves financial management. Thus, the purpose of this study is to determine the relationship between public procurement law and the crowding-out effect, taxes, and finance. The study relies on quantitative research design where data was collected from a sample of 130 participants who comprised of public procurement officials, private investors, and the public. Using a questionnaire, the findings showed that public procurement law increases government spending that in turn crowds out the private sector instead of crowding-in. The need to fund projects often compels government to increase taxes and in turn incur budget deficits due to lack of adequate finances. However, public procurement laws enhance financial planning and control.

Czech name

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Czech description

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Type

J_ost - Miscellaneous article in a specialist periodical

CEP classification

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OECD FORD branch

50206 - Finance

Project

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Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2019

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Global Economic Observer

ISSN

2343-9742

e-ISSN

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Volume of the periodical

7

Issue of the periodical within the volume

1

Country of publishing house

RO - ROMANIA

Number of pages

11

Pages from-to

127-137

UT code for WoS article

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EID of the result in the Scopus database

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