PRIVATIZATION AS A FUNDAMENTAL ELEMENT OF PUBLIC MANAGEMENT

Abstract

According Art. 4(3) of the Constitution of Georgia “State government is implemented based on the principle of separation of powers”. This statute strengthens separation of powers between different branches of government and provides the system of checks and balances. The new concept of public management (NPM) provides flexibility of public governance, transfer of public tasks or state property to the private sector. This delegation of state tasks and the denationalization of property is called privatization and its idea is to unload the state, rational use of state resources and stabilize governance with less cost. Privatization as a new central institution of public governance, for the purposes of administrative law, is considered in a formal and material sense and material privatization is carried out in the form of organizational and functional privatization. The whole spectrum of privatization issues is presented in this articlefrom this perspective, considering the forms of its implementation