RUDN Journal of Public Administration (Dec 2023)

Development of Public-Private Partnerships in Russia from 2015 to 2023

  • Pavel A. Zemskov

DOI
https://doi.org/10.22363/2312-8313-2023-10-4-512-523
Journal volume & issue
Vol. 10, no. 4
pp. 512 – 523

Abstract

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Public-private partnership (PPP) is a financial instrument that allows attracting private investment in the development of social infrastructure and allocating budget funds more efficiently. The goals of this tool are to improve the quality of life of the population and raise the welfare of the country. Within the framework of the theory of a mixed economy, the state, through PPP, abandons inefficient forms of management, shifting the management of state property and various responsibilities to the private sector, which brings organizational experience and various innovations to production, invests its own funds in the development of the enterprise and minimizes the risks of entrepreneurial activity. The important aspect of exploring the opportunities that public-private partnership brings for the Russian Federation and private business is to consider the development of PPP over the past few years. Taking into account the stated fact, a small study was conducted, consisting in the analysis of the development of public-private partnership in Russia in the period from 2015 to 2023.

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