Home >

What Is Government Procurement?

2010/10/11 16:41:00 71

Procurement Target Funds

  

government procurement


Government procurement is a form of procurement. It is the behavior of government departments to purchase goods and labor they need with financial funds.

It is basically the same as the principle of personal shopping in the market. It deals with fair business and aims at buying the best quantity with the least amount of money.

The difference is that government procurement is restricted by legal procedures and needs to be followed.

rule

The greatest benefit of government procurement can save finance.

capital

To improve the use efficiency of financial funds and to prevent corruption from the source.

In the international arena, the common practice of government procurement is to give priority to the purchase of domestic products or services. Therefore, it has the function of protecting its national industry and promoting the development of domestic enterprises.

In January 1, 2003, China's government procurement law was formally implemented, and the relevant implementation rules are being worked out.

  • Related reading

What Is Departmental Budget?

Financial Dictionary
|
2010/10/11 16:35:00
38

What Is Departmental Budget?

Financial Dictionary
|
2010/10/9 17:43:00
74

Financial Explanation: Budget Management System Reform

Financial Dictionary
|
2010/10/9 17:42:00
42

什么是决算

Financial Dictionary
|
2010/10/8 17:09:00
44

What Is Non Tax Revenue?

Financial Dictionary
|
2010/10/8 17:06:00
51
Read the next article

Top Six Investment Rules For Top Players

The 1. is whether the market is in the early stage of the rising cycle. 2, which sector is conducive to macroeconomic policy and public opinion orientation? What are the representative stocks of the plate, and the volume is obviously greater than that of other sectors. Identify 5-10 target stocks