Good Governance Principles Constituting the E-Procurement Systems

Krasimira Valcheva

Abstract

The public procurement represents a vital part of national governance systems. Every year billions of taxpayers money is spent by the state governments to acquire services and goods. The proper functioning of the system allows them to receive better value-for-money, to prevent irregularities connected with corruption and support the implementation of various public policies. The modern society is more sensitive on how the public finances are managed and requires to have leverages to monitor and control their spending. The implementation of the principles of good governance in the public procurement system provide comprehensive base to answer the present needs of public, private and civil partners to increase the levels of effectiveness and efficiency in public spending and administration. The advancement of digital technologies also plays significant part in this reform as electronic procurement systems could significantly facilitate the proper functioning of the sector by interrelating key principles of good governance.


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