THEORETICAL AND PRACTICAL APPROACHES TO PUBLIC PROCUREMENT SUSTAINABILITY

Iulia Caprian and Liliana Buzila
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Iulia Caprian: Moldova State University, Chisinau, Republic of Moldova
Liliana Buzila: Moldova State University, Chisinau, Republic of Moldova

Journal of Financial and Monetary Economics, 2022, vol. 10, issue 1, 44-53

Abstract: Public procurement represents an important field both for the performance of state functions and for the economic activity of the country in general. As a result, some techniques for determining the capacity of the country's public administration to honor the financial commitments assumed by contracting the purchases of goods, works, and services must be used. In international financial practice, methodologies for determining the sustainability of public finances have been developed, which are applicable for determining the sustainability of public procurement. The application of the given methodology allowed the development of certain conclusions regarding the sustainability of public procurement in the Republic of Moldova. In the short term, this can be seen as normal. But in the conditions of the current economic and financial crisis, the long-term prospects remain uncertain. Furthermore, the high level of corruption remains a threat to the sustainability of public procurement in the Republic of Moldova, necessitating the continuation of activities to maintain transparency in public procurement as well as those related to corruption prevention.

Keywords: public procurements; sustainability of public procurement; sustainability criteria (search for similar items in EconPapers)
JEL-codes: E61 H62 H63 (search for similar items in EconPapers)
Date: 2022
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