THE POTENTIAL OF STATE-CORPORATE FINANCING OF PHYSICAL EDUCATION AND SPORTS IN THE RUSSIAN FEDERATION

Author(s): Artemyev N.V., Kolbasin D.A., Artemiev A.N.

Rubric: Economy

DOI: 10.21777/2587-554X-2024-1-36-44

Release: 2024-1 (48)

Pages: 36-44

Keywords: public-private partnership, corporate finance, the field of physical culture and sports, sports management, invest- ment project, tax incentives, budget expenses, investment support

Annotation: In this article, the authors substantiate the need and possibility of developing and implementing various co-financing schemes for the progressive development of physical culture and sports in the Russian Federation. Based on the analysis of the fundamental regulations governing the area of activity under consideration, the article presents the level and content of legal regulation of the development of physical education and sports. Based on sufficient empirical material, the existing, objective and relevant trends that underlie the budgetary and extra-budgetary financing of physical culture and sports in Russia are identified. At the same time, the economic feasibility of using alternative financing instruments is substantiated and possible prospects for using various sources are determined from the point of view of compliance with the principle of sufficiency. The issues of non-traditional financing of sporting events in our country, due to the mutually interested partnership of the state and private business, presented in the article deserve attention. The authors present a set of appropriate government sup- port measures designed to ensure the progressive and effective development of the sector under consideration.

Bibliography: Artemyev N.V., Kolbasin D.A., Artemiev A.N. THE POTENTIAL OF STATE-CORPORATE FINANCING OF PHYSICAL EDUCATION AND SPORTS IN THE RUSSIAN FEDERATION // Economics and Management. – 2024. – № 1 (48). – С. 36-44. doi: 10.21777/2587-554X-2024-1-36-44