Financial Analytics: Science and Experience

The role of concession in increasing the efficiency of budget expenditures: Problems and the application practice improvement: Evidence from the Volgograd oblast

Vol. 11, Iss. 2, MAY 2018

Received: 4 October 2017

Received in revised form: 2 November 2017

Accepted: 9 November 2017

Available online: 31 May 2018

Subject Heading: Economic policy

JEL Classification: L32

Pages: 223–240

Shor D.M. Volgograd State University, Volgograd, Russian Federation

ORCID id: not available

Subject This article deals with the issues of concession application practices and their improvement to increase the efficiency of budget expenditures using the case study of the Volgograd oblast.
Objectives The article aims to identify problems and propose measures to improve the concession application practices to increase the impact of budget expenditures in the region.
Methods For the study, I used the systems approach, comparative analysis, the methods of systematization and generalization, synthesis, induction and deduction.
Results The article reveals the current problems and shows priority directions of improvement of concession as an instrument of increase of the efficiency of expenses of the regional budget.
Conclusions The article concludes that there is a need for basic conditions to achieve high rates of use of the concession.

Keywords: concession, efficiency, budgetary expenses, issue, improvement


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