The New System of Formation of the Public Contract in 2016: The Main Risks and Prospects of Development

Abstract

A switchover from financing of budget-funded entities on the basis of a financial estimate to financing of the services they rendered was underway for more than a decade, however, real changes took place only in 2016 when calculation of the volume of budget allocations to those entities on the basis of baseline expenditure normals became mandatory for all the entities of the budget system.