PUBLIC PROCUREMENT IN THE CONDITIONS OF THE SLOVAK REPUBLIC WITH REGARD TO THE PARTICIPANTS IN THE PROCUREMENT

Abstract

Public finances are a term used to denote specific financial relations and operations taking place within the economic system between public administration institutions, on the one hand, and other entities, on the other. From an economic point of view, a public contract means an efficient allocation of resources with the aim of material and material provision of public administration bodies with such services that these bodies cannot or do not want to secure themselves. Through public procurement, a relatively high volume of public spending is realized in each developed country. Public procurement of goods, services and works by public institutions currently accounts for a relatively high percentage of GDP, estimated at more than 15% in the economies of Central and Eastern Europe. The area of procurement is one of the key areas where the public and private sectors interact financially with each other. As part of the paper, we primarily deal with below-limit and above-limit contracts in public procurement in the Slovak Republic. As part of the research, we focused on the period from 2016 to 2019. The paper provides an overview of the number of procedures in public procurement for the period from 2016 to 2019. In this comparison of data, we try to demonstrate the strength of public procurement in the public sector as well as the volume of financial flows spent on procurement. Within the issue of our research, the acquisition of relevant documents as well as verified procedures is very problematic, as we do not have a significant number of sources of professional and science publications related to these topics in the Slovak Republic.