Improving the mechanism of financial support for physical culture and sports based on the integration of state and corporate responsibility

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T.I. Altushkin1
PhD, Associate Professor E.S. Naboychenko1
Dr. Sc.Econ., Professor E.G. Knyazeva1
1Ural Federal University named after the First President of Russia B.N. Yeltsin, Yekaterinburg

Objective of the study was to justify the mechanism of financial support for physical culture and sports based on the integration of state and corporate responsibility.
Methods and structure of the study. The system-factor, functional and comparative methods of analysis were used based on the composition of analytical models of modern economic and social phenomena.
Results and conclusions. Sustainable development of physical culture and sports on a national scale involves focusing on the development and implementation of innovations; providing competitive conditions for private initiatives. A proportional combination of state and extra-budgetary funding in the field of physical culture and sports is clearly important.
Financial and organizational support for children's sports and specialized sports from national corporations should receive public and state approval. Expenses for the current maintenance and implementation of investment projects for sports facilities should be taken into account in the aspects of assessing corporate social responsibility, financial condition and taxation of companies. Financial and management decisions on promoting the development of physical culture and sports in the regions where national corporations are present should receive a positive response.
The strategic trajectory is interdepartmental and intersectoral interaction, consolidation of actions of federal and regional government bodies and local governments, coordination of public and professional organizations in the field of legislative, economic and financial support for the development of physical culture and sports.

Keywords: physical education, financing, development strategy, corporate financial support.

References

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