Public-private partnership as an effective way to develop physical education and sports in Russia

The costs of creating infrastructure facilities in the field of physical education and sports in Russia leave much to be desired and, under the conditions of sanctions, do not cover the needs of society for services in this area. Therefore, the question of the budgetary funds efficiency and ways to attract private investments in the field of physical culture and sports remains very relevant. In this article, the author conducted an analysis of public-private partnership in Russia. The study was conducted at two levels: federal and regional. Based on the analysis, the need to improve the attraction of private investments is justified. According to the criteria for allocating public funds, this requires transparency. The main research goal was to systematize the existing mechanisms for attracting private investments in physical education and sports. Taking into account the specifics of this area, the author examined the main trends in the development of entrepreneurship in this area. It is concluded that in the interaction of the state and the private sector, there should be a balance of interests between the interests of the businessman and social tasks that should serve the interests of society.

public-private partnership, budgetary funds efficiency, entrepreneurship, concession agreement, investments, subsidies, co-financing