Risk management in public administration

Abstract

With the growth of risks and uncertainties at the regional and national levels
of management, the integration of risk management methodology into the sphere of public
administration is becoming increasingly important. Examples of the implementation of risks in
the field of public administration are the insufficient consideration of foreign economic risks in
state policy, the negative dynamics of socio-economic indicators at the regional level, the increase
in the cost of state programs, the delay in the timing of necessary public procurement, the failure
to fulfill obligations to the population.
The goals of state authorities are to minimize risks to society in a specialized area, for example,
smoothing the risks of fluctuations in the economic situation, reducing risks in the areas of budget,
tax, insurance, currency, banking, reducing demographic risks, risks of reducing the standard of
living and income of the population, analyzing environmental and man-made risks, reducing the
likelihood of their implementation and minimizing losses.