Institutional System of Public Administration in the Economic Sphere (Basic Concepts, Principles of Construction and Prospects for Reform)

The concepts of “institutional system of public management in the economic sphere”, “public power”, “economic management”, “principles of public economic management”, “subjects of public power vested with powers to manage the economy” have been studied. Definitions of relevant concepts are proposed.It is concluded that public power in the economic sphere can be exercised by authorities not only directly, but also through the delegation of certain powers to other entities not related to state authorities or local self-government.In modern Russian practice, power in the economic sphere can be delegated not only to state and local government agencies, but also to other bodies and organizations, as well as citizens.At the same time, today in Russia there are no general grounds, principles and procedures for vesting government authorities, other bodies and organizations, as well as individuals with certain powers in the economic sphere, established by regulatory legal acts.This legislative gap, in the author’s opinion, reduces the effectiveness of public administration, including control, in the economic sphere.To resolve this problem, the author proposes to consolidate a list of public powers related to public management of the economy by normative legal acts of appropriate legal force; general grounds, conditions and principles for the delegation of public powers in the sphere of economic management to organizations, associations of citizens and individual citizens; register of relevant entities.