Template-Type: ReDIF-Article 1.0 Author-Name: Pavel G. Kradinov Author-Email: kradinoff@rambler.ru Author-Workplace-Name: Financial Research Institute, Moscow 127006, Russia Title: The Public Procurement System in the EU and Approaches to an Assessment of Its Efficiency Abstract: The main way of increase of the budget expenditures efficiency in the Russian Federation - improvement of the procurement system. Legislation of the EU countries developed over a long time, and now can serve as one example of good practice. The article reviews the legal basis of public procurement and development of legal base of EU procurement. The article describes the approaches to an assessment of the public procurement system efficiency in the EU. Classification-JEL: Keywords: public procurement, legal regulation of procurement, efficiency of the public procurement system, contract system, principles of procurement Journal: Finansovyj žhurnal — Financial Journal Pages: 37-46 Issue: 3 Year: 2013 Month: September File-URL: http://www.nifi.ru/images/FILES/Journal/Archive/2013/3/statii/2013_03_04.pdf File-Format: Application/pdf Handle: RePEc:fru:finjrn:130304:p:37-46