CORRUPTION IN THE PUBLIC PROCUREMENT SYSTEM: PROBLEMS AND WAYS OF SOLUTION
The article examines the issues of corruption in the public procurement system, as an important element of the functioning of the state and local authorities. The spending of budget funds is not always fruitful, and therefore the public procurement system is attractive for committing financial fraud: embezzlement of budget funds allocated for the needs of institutions and other abuses. As a result of the high level offraud in the field of procurement, losses arise both for the state itself and the regions, and for participants in the contractual procurement system, negatively affect the image of our state, lead to disappointment of the population, and a drop in the authority of state authorities.