SYSTEM APPROACH TO BUILDING MODEL OF FINANCIAL MECHANISM OF STATE-PRIVATE PARTNERSHIP

Abstract

The organization of financial relations between the state and business in the structure of the financial mechanism of public-private partnership (hereinafter – PPP) is carried out according to certain models. The choice of the model of this mechanism is a way of consolidating the partnership relations of the state with the subject of economic activity. The state is not only the initiator of the creation of certain structural elements of the mechanism, but also focuses on the economic interests of private business and the needs of the population in order to reduce unproductive costs.The purpose of the article is to reveal the necessity of using a systematic approach in the process of constructing a model of the financial mechanism of public-private partnership.Provision of a clear public-private partnership requires the formation of a sufficient financial base, optimization of internal and external financial flows, which necessitates the clarification of the essence and scientific approaches to building PPP financial mechanism models. We believe that the model of the financial mechanism of public-private partnership is a tried, effective and effective way of structuring the elements of this mechanism aimed at the formation of financial resources, their distribution and use, as well as obtaining socio-economic effects and financial returns on realized investments. Advantages of this simulation are: the separation of the main features from secondary, internal from external, constantly repeated from random; determination of the regularities of functioning of the mechanism, which makes it possible to make accurate forecasts; defining the structural components of the mechanism and establishing interrelationships between them in order to balance the interests of the partners.The basis of forming a model of financial mechanism of public-private partnership is the system approach.The system approach considers the financial mechanism of public-private partnership as an integral structure consisting of relatively separate and interconnected subsystems and elements with special specific properties. In this case, the change in one of the elements of any subsystem causes changes in other elements, which is based on the dialectical approach to the interconnection and interconnectedness of all phenomena in nature and society. Such an approach was studied by such well-known scientists as P. Anohin (theory of functional systems), I. Ansoff and L. Fahey («cascading» approach – an alternative search method), S. Bir («black box» method), and others.Thus, the peculiarities of the system approach to the formation of the model of the financial mechanism of public-private partnership are as follows:firstly, the PPP financial mechanism is considered as a coherent structure influenced by environmental factors. In turn, the latter is characterized by uncertainty and variability, incompleteness of information, concealed threats and challenges;secondly, the orientation of the mechanism for prediction, preventive actions, and not the response after what happened, post-factum (elimination of consequences as a result of adaptation to the environment);thirdly, in order to ensure the effective functioning of the mechanism under such conditions, it is necessary for the partners to develop their optimal model, which would match their interests, the ultimate goals and methods of achievement. At the same time, the goals should be correlated with the financial resources, capabilities, potential of the partners;fourth, the financial mechanism provides not only the achievement of the planned tasks, but also its qualitative change, caused by the needs of the environment.